The pair is currently @ 0.9729. We could resume the down move here but we are seeing hints of a deeper correction since the DAX ( US Dollar index) is still showing bulls have it. 2 Scenarios – 1) short from here for the continuation to the 5th wave S6 target @ 0.9625 or 2) wait for a higher move to the 0.9779 and look for the same down target. The Average Daily Trading Range (ATR) for the pair is 59 pips.
