This is rather a four wave corrective move.
The first spike is a w wave and now we are in a y wave. Within the y wave, the A wave finished at 1,1047, B probably will test 1,0755 and the C wave will go near 1,123. That might be the end of the fourth wave, and then we will see a fifth wave down towards parity.
The first spike is a w wave and now we are in a y wave. Within the y wave, the A wave finished at 1,1047, B probably will test 1,0755 and the C wave will go near 1,123. That might be the end of the fourth wave, and then we will see a fifth wave down towards parity.