For the pair under consideration, the development of the correction, which is forming as wave iv, will probably continue. The observed decline is very similar to the impulse one. Three waves have already been formed...

The pound bounced off the minimum, and so far, could not rise well enough. There is feeling that this is just a correction, which means that an update of the current minimum may happen soon....

After some thought, the price decided to try its luck and moved down. Probably, in this case, the development of a downward impulse began, which is part of an emerging correction that takes the form...

The euro is growing cautiously, but so far, this movement is seen as a correction within the emerging final diagonal triangle. Although, there is a feeling that eventually the price could climb so high that...

The price has not been able to break through the lower border of the sidewall inside which it has been wandering for quite a long time. Now we see how the pair is trying to...