The pair remains within Wave 4, which is likely unfolding as a sideways correction — possibly a triangle (cT, bT) or flat (FI, EFL, RFL, or d3).
Once the final leg down completes, I expect an impulsive Wave 5 — a culmination move — with upside potential toward the 1.10–1.12 zone.
Let’s see how it plays out.
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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.