- Harmonic pattern formed- Bearish Bat pattern
- Potential Reversal Zone (PRZ) – 0.75005
- The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).
- Any break above 0.7500 will take the pair to next level till 0.7570/0.75976.
- On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA)/0.7400.
It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.
Resistance
R1- 0.7500
R2-0.7570
R3-0.7600
Support
S1-0.7460
S2-0.7419
S3-0.7400
