Critical wave analysis of this symbol seems to show that the pair might have put in a bottom in September 2022 (price of about 0.9535). From the bottom the pair has completed a first major wave uptrend which ended at 1.1030 region.
It then made a correction from 1.1030 to 1.0530 to begin the first minor wave of major wave 3 (price from 1.0530 to 1.1080). From 1.1080 the pair retraced and found support at the 0.786 fib (1.0650), and resumed uptrend for minor wave 3 of major wave 3.
If our wave hypothesis is correct, I expect price to be bullish, and wave 3 of 3 to complete at a price of 1.1480 region.
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It then made a correction from 1.1030 to 1.0530 to begin the first minor wave of major wave 3 (price from 1.0530 to 1.1080). From 1.1080 the pair retraced and found support at the 0.786 fib (1.0650), and resumed uptrend for minor wave 3 of major wave 3.
If our wave hypothesis is correct, I expect price to be bullish, and wave 3 of 3 to complete at a price of 1.1480 region.
If you like this analysis or it is helpful to you in anyway. Please like and follow me.