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
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