made a nice turnaround higher from red wave C lows, completing the higher corrective zig-zag
. Now as we see price made a nice impulsive structure to the upside, resulting as a probable new bullish
cycle, that may reach 0.8420 zone, before turning to the downside. That said, we are now ideally in the last leg 5, which can move towards the 1.618 Fibonacci ratio.
Invalidation level is at 0.8297 - as long as it holds we are looking to the upside.