The pair has resumed the move lower, currently we should break below the bottom of the trendline drawn connecting the lows of December 3rd & 20th (2021). then we should see a minor bounce to about 0.72500, which should then continue the trend lower to 0.6700 as forecasted in our analysis on the 29 Nov 2021.
The pair reversed just one pip short of our projected bluebox shown on our 24ht December 2021 analysis, but this could haven the fact that it ended the move up with a 5th wave as a diagonal rather than an impulse.
The pair reversed just one pip short of our projected bluebox shown on our 24ht December 2021 analysis, but this could haven the fact that it ended the move up with a 5th wave as a diagonal rather than an impulse.
