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FxWirePro: EUR/USD forms Bearish Bat Pattern, good to sell on rallies

Friday, February 12, 2016 6:30 AM UTC

Harmonic Pattern - Bearish BAT Pattern
Potential Reversal Zone (PRZ) -1.1380
The pair has made a high of 1.1375 and started to decline from that level. It is currently trading around 1.13055.
On the lower major support is around 1.1250 and break below targets 1.1180/1.1150 level.
The major resistance is around 1.1380 and break above targets 1.1435/1.1450.

It is good to sell on rallies around 1.1370 with SL around 1.140 for the TP of 1.1250/1.118

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FxWirePro: EUR/USD forms Bearish Bat Pattern, good to sell on rallies

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