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Harmonic Pattern formed:Bullish cypher pattern
Potential reversal Zone (PRZ)- 1.1460
- EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200
- Any further weakness can be seen only below 1.11460.
- The pair's minor resistance is around 1.1250 and any break above would extend gains till 1.130/1.1340.
- On the downside minor support is around 1.1178 and any indicative break below will drag the pair further down till 1.11460/1.1085.
It is good to buy at dips around 1.1180-85 with SL around 1.11460 for the TP of 1.1300/1.1330.
