The first ascending wave from the 3rduptrend is completed in the range of 0.9291, and the price in a corrective movement of this trend at the end of the C wave from the ii point is completing the pattern. There is a scenario that we initially have the formation of a very short and temporary downtrend to the range of 0.9000 to0.8990 and then in continuation with a quick momentum the price hit the targets of 0.9500 area.
* It should be noted that, if the price can cross the range of 0.9163, the uptrend formation is confirmed and the the pattern is completed in the range of 0.9008.
** The analysis will be included in the soon.**