Assumingly, an upward impulse as the third wave (iii) continues forming within the final wave c of 2. Locally, the third wave of the lower level iii of (iii) seems to have finished, and correction iv has started. If the assumption is correct, the pair is expected to continue its growth towards 0.9962-1.0000 after the correction ends. Critical for this scenario is the level of 0.9831.
Trading tips
Buy the pair above the level of 0.9831 with the target at 0.9962-1.0000.
Alternative scenario
The breakdown and consolidation below the level of 0.9831 would allow the pair to fall to 0.9630.
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