seems to be in final stages of black wave 5 and could ideally turn up in sessions ahead into a corrective retracement. Right now we think that price is trading in wave four the sub-wave of our black wave 5 and could later move even lower to around 79.00 area before turning to the upside. We are tracking an ending diagonal
, that usually pushes prices higher, when it is completed.
Link to our previous updates on this pair: