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Expected path of the pair on the daily timeframe

Reversal zone ⚡️

🧐 The upward wave (1)/(A) has been completed, formed by a impulsive pattern. It was followed by a corrective wave that may end with a double zigzag pattern, representing the corrective wave (2)/(B).

✨ In the short term:

* We may see a final decline to complete wave Y within the higher-degree corrective wave.

* This wave may test the support level in the range of 0.02751 – 0.02474, and extend to 0.02127.

✨ In the medium term:

We expect a medium-term rise across the sub-waves of wave (3)/(C).

👈 Supporting the bullish outlook:

* An ideal impulsive wave in the upward direction.

* A clearly defined corrective pattern forming as a double zigzag.

* An ongoing corrective movement, increasing the likelihood of the continuation of the upward trend.

An ideal impulsive wave in the upward direction.

A clearly defined corrective pattern forming as a double zigzag.

An ongoing corrective movement, increasing the likelihood of the continuation of the upward trend.
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