By: Fadi Steitie
Trend Expected Direction: Down within a falling channel.
Method: Elliott Waves and Fibonacci Trading.
Description: With a larger falling channel, a falling diagonal is in progress where wave D completed at 1.34850 and going down. It looks to me final wave E is also getting in a diagonal form. it is getting in a complex ZigZag within a falling Zigzag. As a world of probability and predictions, I would expect a correction going upward due to equality in the falling complex Zigzag that is coming to a 100% AB=BC.
Recommendation: Buy and hold
Target Area: Open
Stop Lose: 1.29500