According to the chart we expect a bounce on the trendline. We assume that the price may reach 1.8400 the 1.8450. The invalidation zone is below 1.8250.
We had little time to get the general trend in the daily chart, but in the 240-minutes chart, it was totally clear that a trend which has started in the range of 1.7469 has ended in the range of 1.8527, that is in the format of 5 waves. Also, the corrective movement is in the form of 3 simple waves that have completed in the range of 1.7934. Given these...