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Short

EUR/USD forms Bearish Bat Pattern, good to sell on rallies

FX:EURUSD   Euro Fx/U.S. Dollar
355 0 11
Harmonic PatternBearish BAT Pattern

Potential Reversal Zone (PRZ) -1.1380

The pair has made a high of 1.1375 and started to decline from that level. It is currently trading around 1.13055.

On the lower major support is around 1.1250 and break below targets 1.1180/1.1150 level.

The major resistance is around 1.1380 and break above targets 1.1435/1.1450.

It is good to sell on rallies around 1.1370 with SL around 1.140 for the TP of 1.1250/1.1180
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