According to my previous idea posted one month ago:
I think this pair reached its bottom. After that the price action shows clear signs of a trend change
This is and updated monthly chart analysis:
I think the parity is the less possible scenario now. We are blinded by the "experts" who are talking about the parity months and months.
We must look at the price action and not listen to others people opinions.
Looking at w1 chart we can see a new EW cycle is beginning:
A sequence of HH and HL is starting
Lookin at D1 chart we are at the middle of wave III (more exactly wave 4 of 3)
If this setup works the price must reach the 1.200 level and more.
I marked with yellow labels the possible entries.
Best regards.
This is and updated monthly chart analysis:
I think the parity is the less possible scenario now. We are blinded by the "experts" who are talking about the parity months and months.
We must look at the price action and not listen to others people opinions.
Looking at w1 chart we can see a new EW cycle is beginning:
Lookin at D1 chart we are at the middle of wave III (more exactly wave 4 of 3)
If this setup works the price must reach the 1.200 level and more.
I marked with yellow labels the possible entries.
Best regards.