We have seen a nice five wave rally of the 0.8858 low and after a minor correction to 0.8925, which ideally will protect the downside for the next rally higher to 0.9037 on the way higher towards 0.9400 and 0.9839 as the next major upside targets.
Should the minor support at 0.8925 be broken, when expect only slightly more downside price-action closer to 0.8894 before renewed upside pressure takes over again.
Only an unexpected break below 0.8858 will delay the expected upside for a move slightly lower to 0.8829 before higher again.
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