The “B” wave has most probably ended at 1.0065 and the focus now will switch to the 3rd leg of the “C” wave.
The immediate target lies at 0.9620/0.9550, below here the market will proceed lower to 0.9420 and 0.9225.
We tolerate a small reaction to 0.9720/90 and 0.9830 before the market continues with its downward trend.
Only a daily close above 1.00 would invalidate the downward scenario mentioned above.
The immediate target lies at 0.9620/0.9550, below here the market will proceed lower to 0.9420 and 0.9225.
We tolerate a small reaction to 0.9720/90 and 0.9830 before the market continues with its downward trend.
Only a daily close above 1.00 would invalidate the downward scenario mentioned above.