Wave ( A ) high appears to be in place, break of 6534 will add more confidence to this view and will open up 6350 – 6365 area as support for completion of wave ( B ). Exact structure of the drop remains to be seen

Pair is showing 5 swings down from 99.95 peak which makes 99.17 the connector. While below 99.17, expect a test of 97.55 – 97.85 zone to complete wave (( a )) before a corrective pull back in wave (( b )) and lower again. In the unlikely event 99.17 breaks before pair makes a new […]

Pair is in wave ( iv ) pullback ideal support for which is 38.2 fib (1.4667). Expect this level to hold for continuation higher in the pair. As wave structure is bullish, we are only looking to buy dips and don’t like selling into the corrections.