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Here is a look at the SPY/EURUSD spread chart. What we can tell from this chart, US markets drop is more significant when compared to EURUSD             . You can also find hidden supports/resistances on spreads that you might not see with the underlying position such as SPY             or EURUSD             . From the spread chart we still have a open gap with significant support. It's possible we meet this support in the near future.
QuantitativeExhaustion QuantitativeExhaustion

SPY Inverted Cup and Handle
EURUSD/SPY Cup and Handle
No problem.. These chart spreads are very helpful.

Inverse Chart of EURUSD/SPY

Pattern looks like Cup and Handle
For this pattern to work EUR/USD would have to go up while SPY goes down.
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