The speed of the decline from 1.1820 and the RSI extreme make it likely that the decline is a 3rd wave. As such, favor a corrective rally to the 1.1180-1.1300 zone (Fibonacci and structural) before a drop to a new low to complete wave v of C.
The speed of the decline from 1.1820 and the RSI extreme make it likely that the decline is a 3rd wave. As such, favor a corrective rally to the 1.1180-1.1300 zone (Fibonacci and structural) before a drop to a new low to complete wave v of C.