CarlosPM

Potential EURUSD Cypher Pattern

Short
FX:EURUSD   Euro / U.S. Dollar
Potential cypher forming up, finishing on the 0.786 of the X to C move. Also meeting with 1.272 extension of the A to B move.

RSI is currently showing some degree of divergence. Will short if price rises to 1.06030.

This area has served as both support and resistance in the past.
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.