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Long

EUR/USD forms bullish cypher pattern, good to buy at dips

FX:EURUSD   Euro / U.S. Dollar
947 2 14
Harmonic Pattern formed:Bullish cypher pattern

Potential reversal Zone (PRZ)- 1.1460

EUR/USD             has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200

Any further weakness can be seen only below 1.11460.

The pair's minor resistance is around 1.1250 and any break above would extend gains till 1.130/1.1340.

On the downside minor support is around 1.1178 and any indicative break below will drag the pair further down till 1.11460/1.1085.

It is good to buy at dips around 1.1180-85 with SL around 1.1460 for the TP of 1.1300/1.1330.
SL is incorrect
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1.1146
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