A decline is expected.
A double zigzag wxy within wave A of 4 continues forming. At present, wave x of A seems to have finished, and wave y of A seems to have started developing. If the assumption is correct, it is logical to expect a decline to 1.2900-1.2700. A critical for this scenario is the level of 1.3193 the breakout of which would lead to a growth towards the area of 1.3300-1.3400.read more >>