Price has drawn a long legged at the 1.27 projection of the latest wave, meanwhile fails to decisively close above the 50-days on a daily basis. A divergence is also seen over the four hour time interval.
One concern is the the pair's ability to break and hold above the main falling for the whole wave that started from 0.8745, there is a room for a correction and a retest of the .
Get your gift : https://thefxchannel.com
Skype: Technician - The forex channel