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themarketzone

Cypher pattern in focus near 1.2

Euro / Dólar Americano (FX:EURUSD)  
themarketzone  
FX:EURUSD   Euro / Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns EURUSD DXY dollar dollar_index
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trendanalysis harmonicpatterns chartpattern eurusd dxy dollar dollar_index
If you are trading short term, EURUSD presents a bearish setup near 1.2 with a bearish Cypher.
But if you look at the broader picture you can understand that any bearish pullback will only create bullish opportunities and allow to buy EURUSD from lower levels following a weekly bullish breakout.

Cypher pattern setup:
Short 1.2
First target zone - 1.185
Secondary target zone - 1.177

Read more about EURUSD, DXY, SPY and XLF in this week's newsletter #WeeklyMarketsAnalysis in Twitter
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