For sometime now this pair has been moving in a sideway correction which i label as wxy regular flat correction.
The correction is almost near completion and after that, we will be getting a very nice push up.
The question is; is the current low the end of the correction ?
In daily time-frame, it made 5-impulse move down and after that impulse it has been correcting itself for a while now.
A closer study of the internals of the correction shows that, wave-a of the correction has been completed and the current bottom also seems like the end of the wave-b correction. This means we will be getting the last wave of the correction (...