Elliott waves say to us, we are in wave "2-3". Considering the formation of the Zigzag correction and approaching 61.8% Fibonacci support at 1.086 level, we can expect a reversal and the start of a new bullish rally in the weekly time frame. The uptrend could advance to 1.41 level at 1.618% Fibonacci resistance.
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.