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Harmonic pattern formed- Bullish Gartley pattern
Potential Reversal Zone (PRZ) -119.15
- The pair has retreated after making a high of 120.98 yesterday. It's major support is around 118.60 (Sep 4th low) and any further weakness only below that level.
- Break below 118.60 will drag the pair further down till 118.20/117.90.
- The intraday minor resistance is around 119.40 and any indicative break above will take the pair till 119.77/120.02/120.50.
It is good to buy around 119.10 with SL around 118.59 for the TP of 119.80/120.35
