As expected we moved higher above the 1.50 level and completed a correction.
This correction was preceded by a complex double wave (A).
Now we have got a possible wave a (or 1) that this market
is currently correcting in what looks like a formation.
We have got divergence as well as a pattern
which are indicating that we should see more gains in the sessions ahead.
New lows below 1.367 are expected as the 1.533 level stays intact.