Butterfly is under-formation. It is however unconfirmed now.
Action plan: we will wait for EUR/USD to retrace upward and then let any type of bearish candle pattern form on 1H, then enter sell.
Alternatively, If EURUSD moves up faster than its downward move from C and goes up more than 50% of downward move from C; harmony required for this butterfly (harmonic pattern) will be damaged and we'll rather look for buying opportunity.
Let's see which type of chance EURUSD gives us.
It touched 1.1026, hit my target. I'm done with buy.
1H candle made at 10 a.m. EDT yesterday due to weaker ISM manufacturing PMI, sustained (was not erased) and followed by further bullish continuation. It caused formation of bullish hammer on 1D, which strengthens bullish retracement. We may reach previous swing low on 1D (around 1.1026). This area is slightly above 38.2% retracement of CD of butterfly, however strengthening of bulls was supported by bullish hammer and so we are getting more than 30% and even more than 38.2% retracement. Hence, it most probably will touch 1.1026.
London session is closing in 7 minutes. The 1H bullish candle must not be erased in order to support bulls till 30%-level of CD leg of butterfly.
Things on USD-index meanwhile is supporting the same idea.
Triggered, get at least 30% of CD i.e. 1.09966 (±5.0 pips).