• Harmonic pattern Bearish AB=CD Pattern.
   
• Potential Reversal Zone (PRZ) -1.11300 (161.8% and 61.8% fibo).
   
• EURUSD shown a huge jump after breaking 1.10200 high formed after French Elections. The pair jumped till 1.11222 at the time of writing. It is currently trading around 1.10908.
   
• U.S new home construction has fallen in Apr for the third time in four months. U.S housing starts came at 1.172M compared to forecast of 1.26M.
   
• On the higher side, major resistance is around 1.11300 (61.8% retracement of 1.16163 and 1.03400) and any break above targets 1.1180/1.1200.The pair should break above 1.1300 for further bullishness.
   
•  The near support is around 1.1050 (23.6% retracement of 1.05694 and 1.11221) and any break below targets 1.0991 (23.6% retracement of 1.05694 and 1.11222)/1.0950 .It should close below 1.0830 (200- MA).
  
  It is good to sell on rallies around 1.11200 with SL around 1.1160 for the TP of 1.000/1.0950.