In our previous analysis EUR/USD was trading at 1.21160, we expected it to retrace back to 1.21000-1.20800 before a continuation to the upside. This is exactly what happened and EUR/USD hit 1.21428 triggering our buy stop which was closed by our system after registering at a false breakout as DXY was trading at previous support levels. Closing our Buy Stop position at minimal loss.
WHAT TO EXPECT:
EUR/USD is still bullish But for now we expect it to continue to fall to 1.21000-1.20800 before it rebounds back and continue its uptrend Bullish Cypher formed on the 1H chart