long entry. The analysis shows a closing value ATR symmetry. This is indicated by a yellow thin rectangle
. This means that the wave motion tests the closing values symmetrically. This is an indication that the exchange rate has entered an accumulation phase. It can also be seen that the correction range of daily D1ATR was not lost by the decrease. From these two signals, I conclude that the exchange rate is moving north from the lower D1ATR correction level (814.71usd). Since the correction level is from the bottom rather than the 50% level, it is possible to have a lateral movement or build a wider accumulation range. But this level, in my opinion, might be suitable for taking a long position. Target Price: 1144.10usd.