EURO forms Bearish Anti Butterfly, good to sell on rallies
Harmonic pattern - Anti Butterfly Pattern
Potential Reversal Zone (PRZ) - 1.1005
Overall Reversal Zone – 1.110 (28th Oct High)
The pair has broken major resistance 1.0900 and jumped till 1.0980 (50 day MA) . It is currently trading around 1.09400.
Any break of PRZ will take the pair to new level 1.1034/1.1070/1.1100.
On the down side major support is around 1.0830 and break below will drag the pair down till 1.0800/1.07500.
Minor support is around 1.0900/1.0870.
It is good to Sell on rallies around 1.1000-05 with SL around 1.110 for the TP of 1.0830/1.0750
Potential Reversal Zone (PRZ) - 1.1005
Overall Reversal Zone – 1.110 (28th Oct High)
The pair has broken major resistance 1.0900 and jumped till 1.0980 (50 day MA) . It is currently trading around 1.09400.
Any break of PRZ will take the pair to new level 1.1034/1.1070/1.1100.
On the down side major support is around 1.0830 and break below will drag the pair down till 1.0800/1.07500.
Minor support is around 1.0900/1.0870.
It is good to Sell on rallies around 1.1000-05 with SL around 1.110 for the TP of 1.0830/1.0750