Since price has not made a lower low and the first swing high after a major retracement was pretty strong, I believe we are in a continuing uptrend, with maybe 2 more swing highs that will end around 1.73 or 1.75.
The last uptrend was roughly 908 pips. I believe the next move will be a measured move of a similar amount or more before price returns to clear the stops made from this uptrend.
Target 1 has already been reached (1.27%), So lets hope it keeps going.
The last uptrend was roughly 908 pips. I believe the next move will be a measured move of a similar amount or more before price returns to clear the stops made from this uptrend.
Target 1 has already been reached (1.27%), So lets hope it keeps going.