Harmonic Pattern Formed- Bullish Cypher pattern
Potential Reversal Zone (PRZ) – 1.5720.
The pair has made a high of 1.6250 and retreated till 1.5780 level. It is currently trading at 1.5798.
The major support is around 1.5720 and any break below will drag the pair further down till 1.5660/1.5600.
On the higher side minor resistance is around 1.5870 and any indicative break above will targets 1.5915/1.5955.
It is good to buy at dips around 1.5730-35 with SL around 1.5660 for the TP of 1.5800/1.5870
Potential Reversal Zone (PRZ) – 1.5720.
The pair has made a high of 1.6250 and retreated till 1.5780 level. It is currently trading at 1.5798.
The major support is around 1.5720 and any break below will drag the pair further down till 1.5660/1.5600.
On the higher side minor resistance is around 1.5870 and any indicative break above will targets 1.5915/1.5955.
It is good to buy at dips around 1.5730-35 with SL around 1.5660 for the TP of 1.5800/1.5870