Euro / U.S. Dollar

Double opportunity at EURUSD

There is a bullish big cypher pattern or a bearish butterfly (or indeed none of both :-) coming at the EURUSD. Currently the butterfly seems to complete rather than the cypher. A completed butterfly invalidates the cypher.

Bullish Cypher (long):

Entry: 1.1646
S/L: 1.1544
T1: 1.1759 (RR 1:2)
T2: 1.1834 (RR 1:3)

Bearish Buttferly (short):

Entry: 1.1998
S/L: 1.2032 (RR 1:1)
T1: 1.193 (RR 1:1.8)
T2: 1.1885

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