In the Daily view, the pair has met the minimum requirement for wave X bounce to complete. However, short term, while the pair stays above trend line channel and above wave ((x)) low at 3,767, ideally pair makes an extension higher towards 4.052 – 4.082 area to complete wave X before pair then resumes lower. For more trading ideas and education, feel free to browse other technical articles at our Technical Blogs, check Chart of The Day, and take our FREE 14 Day Trial.
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