Main scenario: consider short positions from corrections below the level of 1.0196 with a target of 0.9700 – 0.9475.

Alternative scenario: breakout and consolidation above the level of 1.0196 will allow the pair to continue rising to the levels of 1.0375 – 1.0618.

Analysis: A corrective wave of larger degree B presumably continues developing as irregular flat (А)-(В)-(С) on the weekly chart. Wave (B) of B is presumably unfolding on the daily chart, with wave С of (B) continuing to form as its part. The fifth wave (v) of v of C is developing on the H4 chart. It includes… Read full author’s opinion and review in blog of #LiteFinance