Just looking at a simple wave count and using some Fibo extensions, i would say that 1.3590 - 1.3645 would be the target for this up move and after that 1.3450. A bold forecast, but let's see how it will go :)
Comments
Razvan
⋅
False breakout and dropped like a rock to the target level.
SignalTradersUK
⋅
agreed, though from a larger time frame, this could be a wave 3 of a bigger 3, so possibly the most powerful of an implusive
SignalTradersUK
⋅
agree with the direction, though wave 5 could go a lot higher and reach the Monthly trend line down. Which would set up nicely for the corrective wave down. Just have to wait and see ;)
Razvan
⋅
Yep it could happen, but in that case it would become an extended wave, or we should recount the waves :). There are a lot of news coming, so everything is possible :D