Cypher completion matches almost with 78.6 from the whole downside move. It is a good chance to continue the trend move. For better R/R you can try for a retest of the previous high, but it might not even reach it.
The 1.27 AB and 0.786 XA match perfectly together and IF the A-B-C-D move fully complete it will give us a reversal zone between 1.04825 and 1.05040. For a better Risk/Reward I will place orders at the A-B-C-D completion around 1.0500.