The pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 & 1 hour are turning up from the 107.63 lows where wave 4 ended. While a pullback remains above there the pair can see the 111.00 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.