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EUR/USD forms Bullish Shark Pattern, good to sell on rallies

FX:EURUSD   Euro Fx/U.S. Dollar
1193 1 10
Harmonic Pattern - Bullish Shark Pattern

In weekly chart the pair has closed below 1.06186 (88.6 % retracement of 1.04695 and 1.1751) at 1.05893 level. This confirms major weakness a decline till 1.03500 (1.13% of 1.04685 and 1.1750) is possible

On the lower side short term support is around 1.05600 and break below targets 1.0500/1.04600.The pair's major support is around 1.0460 (Mar 2015 low) and below that will drag the pair till 1.0400/1.03500 level.

EUR/USD             is facing strong minor resistance is around 1.0660 and break above targets 1.0720/1.0770/1.0830.

Overall bearish invalidation only above 1.0830.

It is good to sell on rallies around 1.0630-35 with SL around 1.0725 for the TP of 1.0500/1.04600/1.0350
Icecool
a year ago
thanks
go to realize
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