Since the 22nd September low I have here 2 EW counts of the 5 wave bullish development.
1. The red waves 1-5 indicate the target @1.10665 which should be reached in February.
2. The blue waves 1-5 point to the target @1.12175 which would be due in March.
Initial support = 1.06996
Second support = 1.04819
A monthly close below 1.04056 would be taken as a sign of a price below 1.00.
1. The red waves 1-5 indicate the target @1.10665 which should be reached in February.
2. The blue waves 1-5 point to the target @1.12175 which would be due in March.
Initial support = 1.06996
Second support = 1.04819
A monthly close below 1.04056 would be taken as a sign of a price below 1.00.