As mentioned on the earliar post on this currency pair, I had a target of 81 the figure for this down move, We have made it quite close to this target as of today's lows, I am anticipating a turn to the upside for a wave 5 (preffered) or wave iii of 3. Enter long at a break of 81.87 with a target above the 84 handle for now, as price structure unfolds we'll get an idea of where to expect the upcoming bounce to terminate.
Regards,
Ahmed Farghaly
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