EURUSD CYPHER 11978 OR BREAK ABOVE 12092 !!!
EURUSD is nearing a cypher D leg completion from X=12092/A=11670/B=11880/C=11555
D?= 786 *XC WHERE D=11978.
Within this CD LEG from 11555 there is also an AB=CD 100%= 12020/127%= 12104/162%=12212.
Upside is likely with resistance between 11978-12020 & 12092 double top and possible extension higher to 12200 and beyond.
However there is also downside risk on a break of 11555, short term consolidation 11713-11950 support= 11860-11800 break below here then 11750-11700.
Break below 11555= 11420-11380/ 11250-11200
D?= 786 *XC WHERE D=11978.
Within this CD LEG from 11555 there is also an AB=CD 100%= 12020/127%= 12104/162%=12212.
Upside is likely with resistance between 11978-12020 & 12092 double top and possible extension higher to 12200 and beyond.
However there is also downside risk on a break of 11555, short term consolidation 11713-11950 support= 11860-11800 break below here then 11750-11700.
Break below 11555= 11420-11380/ 11250-11200
