Supposedly, the bearish correction within a zigzag-shaped wave 2 of senior level has finished forming. The first wave (i) is forming now, with the first wave of junior level i of (i) developed in a form of diagonal within. If this assumption is correct and the price does not break the critical level 0.9062, it's logical to expect the pair to continue rising to a level of 1.0120.
read more >>LiteForex - Analytics