FxWirePro
Long

EUR/USD faces strong support near two month low, targets 1.1035

FX:EURUSD   Euro Fx/U.S. Dollar
1654 11 11
EUR/USD             has formed bullish butterfly pattern in 4 hours chart and this confirms short term bullishness, a jump till 1.1035 cannot be ruled out.

Major support is around 1.0800 and any break below will drag the pair till 1.066/1.0500.

On the higher side minor resistance is around 1.0850 and break above will target 1.0900/1.0950/1.1035 in short term.

EUR/USD             holds steady near two month lows and any further weakness can be seen only below that 1.0800 level.

It is good to buy at dips around 1.0845 with SL around 1.0800 for the TP of 1.0950/1.1035.
bullish gartley or bullish butterfly?
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WyFotso KingVestment
I think it is bullish butterfly too, but they most important point to consider is D luckily
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thank you.
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Your Gartley is not valid. Point C is wrong, setup is wrong.
+1 Reply
it's not a gartley. 78,6+ b-point means butterfly.
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FxWirePro PRO Alexander_Nikitin
Ok thank you
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Nightwish Alexander_Nikitin
exactly.
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RiccardoBartolini Alexander_Nikitin
there is a Gartley as well from the 1.0466
and butterfly to about to finish what Gartley is supposed to have started
i am not trading the eur right now
but waiting to reach 1.07 at least
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