Main scenario: consider short positions from corrections below the level of 1931.28 with a target of 1834.55 – 1781.66.
Alternative scenario: breakout and consolidation above the level of 1931.28 will allow the pair to continue rising to the levels of 1987.87 – 2059.86.
Analysis: A descending correction is seen as the fourth wave of greater degree on the chart. Fifth wave (5) unfolds, and the first wave of (5) has been formed. Apparently, a downside correction continues developing as second wave 2 of (5) on the H4 time frame chart, with wave… Read full author’s opinion and review in blog of #LiteFinance