As long as minor resistance at 1.0767 is able to cap the upside, a final spike lower to 1.0650 can't be excluded, but the odds are decreasing for this outcome. So, we will keep our eyes on the minor resistance for confirmation that waves C and 4 have been completed and wave 5 is in progress for a rally towards 1.1391. A failure to break above 1.0767 followed by a break below minor support at 1.0709 will call for the final spike to 1.0650 to complete waves C and 4.
Relevance up to 07:00 2023-02-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
