Price seems heading for 1.37-1.38 in a 5 wave pattern to complete a C wave. Looking at wave the wave C structure a (i) = (v) equality target would come in just below 1.37 (also the January high). Looking higher there is the A=C target at 1.38.
Currently it looks like wave (iv) may have completed after price spiked below the lower corrective channel today. It would be best to wait for price to break above "d" in wave (iv).
Currently it looks like wave (iv) may have completed after price spiked below the lower corrective channel today. It would be best to wait for price to break above "d" in wave (iv).