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 - EconoTimes)
Chart pattern- Lower high and higher low
The pair has formed first high at 1.14225 (Jun 10th, 2020), second high at 1.3534 (Jun 16th, 2020), and 3rd high at 1.13484 (Jun 23 rd 2020). It hits low of 1.11683 on Jun 19th and is hovering near 1.1200 level.
On the lower side, violation below 1.11683 confirms bearish continuation, a dip till 1.1100/1.10292 (50% fib of 1.06359 and 1.14225).
The near term resistance is at 1.1290 and the violation above targets 1.1350/1.1400.The minor trend reversal only above 1.14225.
It is good to sell below 1.11680 with SL around 1.1200 for the TP of 1.10300.
