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- Potential Reversal Zone (PRZ) – 1.09400.
- Major resistance- 1.10810 (200 day MA).
- EUR/USD has formed bullish Gartley pattern in 4 hours chart. It is currently trading around 1.09865.
- The major support is at 1.0940 and any break below targets 1.0910/1.0870 in the short term.
- Technically on the higher side, major psychological resistance is around 1.1000 and any indicative break above will take the pair to next level at 1.10600 (Jul 21st high)/1.10800 (200 day MA).
It is good to buy at dips around 1.0975-1.09800 with SL around 1.0940 for the TP of 1.1060/1.1080
R1- 1.1000
R2-1.1060
R3-1.1080
Support
S1-1.0940
S2-1.09100
S3-1.0870
