Main scenario: consider long positions above the level of 1.0330 with a target of 1.1184 – 1.1487 once a correction formed.
Alternative scenario: breakout and consolidation below the level of 1.0330 will allow the pair to continue declining to the levels of 1.0000 – 0.9816.
Analysis: Supposedly, a descending correction continues developing on the daily chart as the second wave of larger degree (2). Wave С of (2) appears to be forming on the H4 chart, with the fifth wave v of С nearing completion inside. On the H1 chart, the fifth wave of smaller degree (v) of v is… Read full author’s opinion and review in blog of #LiteFinance