EURUSD FORMING A BUTTERFLY PATTERN AFTER A BAT PATTERN FORMATION
Price has been ranging within the 1.09889 and 1.07754 zone since the month of April. The range has formed successfully a bat pattern, an ascending triangle and a rectangle pattern. A butterfly pattern is forming shape which the price is heading toward the D leg of the butterfly pattern. However, if price breaks our key support area 1.07754, then a short to 1.06547 is likely to occur. In addition, an horizontal support is also located at our short target which is also our BUTTERFLY PATTERN D leg.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.