There is an opportunity for short positions. Target 0.96738 area.
If you don't get long positions already, there are, at least two more opportunities
It seems that the correction isn't over yet.We'll see...
As we mentioned in previous ideas, the dollar index unfold the third wave, with the next target to be in 1.618 fibo area.
There is a low possibility to see the price in 1.618 but for now there will be an upward reaction as wave v.
As we can see, the pair still moving inside the downtrend channel . If this will continue for the next week to, the the possibility that wave (ii) has completed, will be very strong. Key levels:1.20924
It's likely an abcd pattern is in developlment.
After completion of abcde pattern, the pair it seems ready to unfold wave (c) (impulse five).
It's likely that wave (ii) is over (end of correction) and wave {ii} of (iii) also. Wave (iii) will be the biggest and it is worth to trade it. Let see...