FxWirePro
Short

EUR/USD forms bullish cypher pattern, targets 1.1150

FX:EURUSD   Euro Fx/U.S. Dollar
1155 2 19
Harmonic Pattern formed:Bullish cypher pattern

Potential reversal Zone (PRZ)- 1.1460

EUR/USD             has declined after making a high of 1.1459 on Friday. Overall trend is still weak as long as resistance 1.1460 holds.

Any further bullishness can be seen only above that level.

The pair's minor resistance is around 1.1340 and any break above would extend gains till 1.1375/1.14365.

On the downside minor support is around 1.12700 and any indicative break below will drag the pair further down till 1.1200/1.11500.

It is good to sell on rallies around 1.1355-60 with SL around 1.1460 for the TP of 1.1210/1.11500.
Josphat89
a year ago
Good idea sir!
Reply
michraz PRO
a year ago
Hi FxWirePro!
Exact goal!
Where do you expect the pair to bounce to? 0.382 or 0.618?
Reply
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