Huraian
⋅ Currency pair - EUR.USD
Chart timeframe - Daily
Area of interest - 1.1976 & 1.2091
Chart pattern - Bearish Cypher
Potential target 1 - 1.1815
Potential target 2 - 1.1714
Potential extended target - 1.1658
Komen
⋅ A strong break above the Daily 50 EMA adding additional confluence to the overall bullish outlook.
Komen
⋅ A pullback on the 4hr TF is now expected prior to the next bullish impulse.
Komen
⋅ The pullback is now underway, i expect a bullish impulse into late this week / early next week.
Komen
⋅ Price approaching D leg completion 1.1976