1. The pair reached the E (5h touch) of the Eliot wave and drop significantly after a sharp upward trend above the psychological resistance of 1.15
2. The pair has been on an upward trend for the past 1,5 week, we can expect the downward trend to extent the next week if the 50EMA which is currently supporting the pair at 1.1470 is breached. This could open the doors for the next target of 1.14
2. The pair has been on an upward trend for the past 1,5 week, we can expect the downward trend to extent the next week if the 50EMA which is currently supporting the pair at 1.1470 is breached. This could open the doors for the next target of 1.14