EUR/AUD forms bullish BAT pattern, good to buy at dips
Harmonic Pattern - Bullish BAT Pattern
Potential reversal zone (PRZ) – 1.4715
EUR/AUD has retreated after making a high of 1.5180 and is currently trading at 1.47350.
On the higher side minor resistance is around 1.4750 (3 day 4 H EMA) and any break above would extend gains still 1.4780/1.4810/1.4835.
The pair’s major support is around 1.4715 and break below will drag the pair further down till 1.4700/1.4650 in short term.
It is good to buy at dips around 1.4720-25 with SL around 1.4675 for the TP of 1.4810/1.4835.
Potential reversal zone (PRZ) – 1.4715
EUR/AUD has retreated after making a high of 1.5180 and is currently trading at 1.47350.
On the higher side minor resistance is around 1.4750 (3 day 4 H EMA) and any break above would extend gains still 1.4780/1.4810/1.4835.
The pair’s major support is around 1.4715 and break below will drag the pair further down till 1.4700/1.4650 in short term.
It is good to buy at dips around 1.4720-25 with SL around 1.4675 for the TP of 1.4810/1.4835.