The impulse wave 3 is currently in view. However RSI(14) indicates that the pair is oversold, so we expect to see the pair correcting in the form of wave 4 after which downtrend may resume to 0.89. Our count will be invalidated if the pair breaks above 0.9328.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.