EURUSD Outlook: Bearish Bat Pattern | December 30, 2016

Eurusd has formed Bearish Bat Pattern on h4 time frame. D point is the sell level for this harmonic pattern. Already this pair has started falling after forming this bearish pattern. We can join with this sell mode if we can get this pair on near to D point. For sell on this pair, target will be 1.0480 level is new support level for this pair.
On the chart, we can see morning star pattern on support level which gave bullish power on this pair. Bullish rally got resistance near to 1.0650 level. On the upper side, this level can be critical for further bullish movement. If this pair stays below this resistance level, then bearish rally can be seen towards 1.0480 level.