EURUSD created a bullish cypher pattern and is now trading below parity level. We can notice a clear drop-base-drop structure. Now I expect the price to retrace until the base (institutional zone). We might consider to open then a short trade at the base if price reacts well at that level or for more aggressive trader we might now open a buy with the base as target. The second opportunity is riskier because we would trade against the major and minor trend.