The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).
There is no reason to fade this trend as long as price is above the trendline shown on the chart above.
The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).
There is no reason to fade this trend as long as price is above the trendline shown on the chart above.