4H harmonic pattern near important weekly support

FX:EURCHF   Euro Fx/Swiss Franc
1.2 zone is a very important support zone . We saw some significant rallies from this zone (with the help of the Swiss bank).
We see in the chart a harmonic pattern that the price tried to violate and failed (spike low).
The price currently is below minor resistance (red). A break above this resistance could mean the execution of the bullish pattern
1.2065 is the initial intra-day target for a bullish move.
1.208 is the second.

If the resistance hold, 1.2 is the bears target level. at 1.2 I would look for a double bottom .
Weekly Newsletter -

Tomer J,
The Market Zone - You trading Edge
Visit my website -
Blog -
Youtube -
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out