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Price looks to retrace a bit after strong momentum reaching overbought state, correction should be in the range between 1.3400 and 1.3330. Before going bullish again for the final target.
An AB=CD pattern starting from mid July and time-extended by x1.618 predicts price to hit a supply zone in the range between 1.3800 to 1.3900.
With this in mind, this should leave price somewhere between 1.3650 and 1.3700 on the 1st of November.
An AB=CD pattern starting from mid July and time-extended by x1.618 predicts price to hit a supply zone in the range between 1.3800 to 1.3900.
With this in mind, this should leave price somewhere between 1.3650 and 1.3700 on the 1st of November.