Wave (( b )) high appears to be in place @ 100.87 and wave ( b ) of (( c )) also appears to have completed @ 100.46 . As the lower level holds, expect to see further losses in the pair toward equal legs (97.55) before it attempts to resume the rally. We are […]

Pair made a marginal new low before making a strong move to the upside. We have not yet broken 1.4347 – 1.4370 zone but there is enough number of swings in place to call wave X completed. Thus, we expect higher price as price stays above 1.4187 low.

Wave X is thought to be complete . Expect resistance between 99.86 – 100.26 to reject for completion of wave (( b )) and further losses in the pair.

Wave (( b )) is thought to be complete. Expect a recovery toward 1.4204 – 1.4250 before the pair turns lower again toward 1.3800 to complete wave (( 4 )).

Wave (( b )) is thought to be complete, expect lower prices toward 1.3800 – 1.3850 to complete wave (( 4 )) before pair turns higher again. Short-term expect price to stay below 1.4261 for the (( c )) wave impulse idea to remain valid.

Expect price to remain supported between 1.4363 – 1.4391 during the ( b ) wave pullback and rally to resume. We don’t like selling into proposed ( b ) wave pullback. Initial target on the upside is 1.4635