Main scenario: consider long positions from corrections above the level of 1.3227 with a target of 1.3824 – 1.3975.
Alternative scenario: breakout and consolidation below the level of 1.3227 will allow the pair to continue declining to the levels of 1.3070 – 1.2949.
Analysis: Wave (3) of 5 is the fifth wave in the larger degree 5 wave that is likely to be developing on the daily chart. On the H4 chart, wave 3 of (3) continues to unfold. Wave iii (3 of 3) has formed and wave iv (3 of 3) has been corrected. Apparently, the fifth wave v of… Read full author’s opinion and review in blog of #LiteFinance