is currently rallying with a second impulsive wave toward the top of the declining channel. The pair may see some resistance at these levels as wave-(c) did not surpass the start of wave-(a) and a sideways symmetrical triangle may be underway prior to the continued rally. The channel resistance may add to the bearish
bias at these levels. I am still bullish
on the pair, and retracement to wave-(e) may present an excellent opportunity to add to bullish
positions for the continued rally through the completion of corrective wave-C.