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EUR/USD forms bearish Gartley pattern, good to sell on rallies

FX:EURUSD   Euro Fx/U.S. Dollar
429 0 12
Harmonic pattern Formed- Bearish Gartley pattern

Potential Reversal Zone (PRZ) - 1.12168

EUR/USD             has recovered from the low of 1.1140 made today morning till 1.11797 at the time of writing. It is trading around 1.11770.

Euro’s resistance is around 1.11925 ( 78.6% retracement level of 1.12168 and 1.110980) and violation above 1.11925 will take the pair till 1.12168/1.12425.

On the lower side minor support is around 1.1150 and break below targets 1.1100 (200 day MA)/1.1050.

It is good to sell on rallies around 1.1185-1.1190 with SL around 1.1220 for the TP of 1.1100/1.1050
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