Raising EURUSD Profit Target to $1.114 due to a Bullish Cypher

1 Şub 2024

Due to the apparent formation of a Bullish Cypher on the Daily, combined with the Bullish Push as confirmation on the RSI, and the strong push push in price action above the 200-day SMA, I will be raising my profit target for the EURUSD to the 100% retrace up at $1.114 as the 100% retrace would be the standard target for a Cypher and the TLT has outperformed which is usually a signal for psoitive price action in the EURUSD.

1 Şub 2024

İşlem aktif

I called it a Cypher in the Title and Description, but I meant to say it was a Bullish Gartley, a "Perfect" Bullish Gartley a that. This should prove to be a very powerful Harmonic Pattern that could take the Euro to the highs of the range.