Pair is in FLAT wave ( 4 ) / W when wave ( 3 ) ended @ 86.33. Wave (( iii )) of C is about to complete so expect a pull back toward 90.45 (23.6 fib) and in-extension 89.82 (38.2 fib) and the next leg higher. Price needs to stay above 89.30 for this view to remain valid. We don’t like selling into proposed wave (( iv )) pull back as intra-day trend is up.
If you would like to see our mid-term view in the pair, why not Sign up for 14 day Trial We cover 25 instruments in 4 different time frames working round the clock to provide you with frequent & timely updates and to keep you on right side of the market.
If you are interested in learning more about Elliott wave structures and sequence of waves / swings why not check out and register for up coming webinar on this topic. See the details here