There should be one more spike lower to test the 1.0650 target. This final spike lower should complete wave C and 4 and set the stage for the next impulsive rally above the former peak at 1.1033. In the short term, a break above minor resistance at 1.0710 will confirm that wave 4 has been completed and wave 5 is in motion.
The ideal target for wave 5 is seen near 1.1391.
Relevance up to 06:00 2023-02-14 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.
