An uptrend is strong.
Wave C of 2 of the senior level on the daily chart continues forming. Locally, the third wave (iii) is likely to be forming within which a starting impetus i has formed and correction ii is nearing the end. If the assumption is correct, in the short term, the pair will continue growing in the third wave (iii) towards 1.5700-1.5800. A critical for this scenario is the level of 1.5240.read more >>