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- Harmonic Pattern Formed - Bullish Cypher pattern
- Potential Reversal Zone (PRZ) - 112.34
- The pair has made a low of 112.67 at the time of writing and slightly recovered from that level. It is currently trading around 112.82.
- Short term trend is bullish as long as support 112.34 holds.
- Any break below 112.34 will drag the pair down till 112/111.22 ins short term.
- The major resistance is around 113.50 and break above targets 114/114.30.
- Overall bearish invalidation only above 115.
It is good to buy at dips around 112.75-112.78 with SL around 112.34 for the TP of 114.05/114.75
