EUR/USD
I'm looking for a small correction towards 1.3023, before the next rally higher towards at least 1.3362, where the ongoing C-wave will be 61.8% the length of wave A. However, we should expect equality in length between wave A and C, which means a rally higher to 1.3790.
From the 107.96 high we saw a deeper than expected correction yesterday. This deep correction could change my short term count slightly, if prices manage to break below 106.93. A break below 106.93 will move the top of minor wave i of iii to 107.96 and not where I have marked it at 107.67. A break below 106.93 could mean a slightly deeper correction towards 106.62 and maybe even 106.30, before the next rally is ready to take off towards the minor targets at 107.96 and 108.89. However, longer term I'm still expecting much higher levels to be seen.
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