In the daily time, it is moving in a descending channel, which according to the previous analysis, I expected a drop to the range of 1.618, which has now corrected below this range, which is approximately 2.618 Fibo of the previous wave. Therefore, if I still expect this correction to continue and the current upward correction can strengthen this scenario, we still have to wait for a new floor of this currency pair. If it can conquer the range of 0.88 units and stabilize above it, the downward scenario can end and enter the return phase, which is currently awaiting correction for this currency pair according to the analysis.
Comment:
Comment:
Completion of pullback according to the predicted movement path...
