The situation is still fairly correct . The rally from 1.1915 has a general impulsive character, but so far it’s only in 3 waves, and it’s yet to exceed the most recent high. Under these circumstances, I’m inclined to remain cautiously bullish with the same provisions as yesterday — i.e., I’m sticking to the current count and making adjustments as new data comes in.
Point- By moving above 1.2089, EUR/USD is expected to continue moving toward the upside to reach between 1.2132 and 1.2150, while it remains above 1.1862 and ideally above 1.1915.
Hourly Main Count
– Invalidation Point: 1.1862
– Confirmation Point: 1.2089
– Upward Target: 1.2132 – 1.2150
– Wave number: Minuette (v)
– Wave structure: Motive
– Wave pattern: Impulse or Ending Diagonal