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Short

EURO forms Bearish Anti Butterfly, good to sell on rallies

FX:EURUSD   Euro Fx/U.S. Dollar
738 2 6
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
v. Nice observed.
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