The pair is likely to grow.
On the daily chart, the third wave of the senior level is developing. At the moment, it seems that the first wave i of 3 has been formed, and the correction ii of 3 has been completed. The critical level for this scenario is 1.3249.
Main scenario
Long positions will become relevant above 1.3249 with the target at 1.3700. Implementation period: 7+ days.
Alternative scenario
Breakdown and consolidation of the price below the level of 1.3249 will allow the pair to decline to 1.3079.
Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 1.3378
Take Profit 1.3700
Stop Loss 1.3249
Key Levels 1.3079, 1.3249, 1.3700
Alternative scenario
Recommendation SELL STOP
Entry Point 1.3240
Take Profit 1.3079
Stop Loss 1.3300
Key Levels 1.3079, 1.3249, 1.3700
On the daily chart, the third wave of the senior level is developing. At the moment, it seems that the first wave i of 3 has been formed, and the correction ii of 3 has been completed. The critical level for this scenario is 1.3249.
Main scenario
Long positions will become relevant above 1.3249 with the target at 1.3700. Implementation period: 7+ days.
Alternative scenario
Breakdown and consolidation of the price below the level of 1.3249 will allow the pair to decline to 1.3079.
Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 1.3378
Take Profit 1.3700
Stop Loss 1.3249
Key Levels 1.3079, 1.3249, 1.3700
Alternative scenario
Recommendation SELL STOP
Entry Point 1.3240
Take Profit 1.3079
Stop Loss 1.3300
Key Levels 1.3079, 1.3249, 1.3700