This is my long term analysis using some of my favorite tools.
According to this EW count intermediate wave 4 (blue) is still unfolding.
After some choppy price action price will reach the 1.16 area and then will make a strong decline near parity for final wave 5(blue).
The ema55 will act as resistance as well as previoues wave 4 (red)
The green arrow shows the possible price path.
Other details on chart.
Below im showing analysis using other tools.
Best regards.
According to this EW count intermediate wave 4 (blue) is still unfolding.
After some choppy price action price will reach the 1.16 area and then will make a strong decline near parity for final wave 5(blue).
The ema55 will act as resistance as well as previoues wave 4 (red)
The green arrow shows the possible price path.
Other details on chart.
Below im showing analysis using other tools.
Best regards.
