We continue to expect short-term important support at 0.6967 to act as a floor for the next impulsive rally towards our 0.8000 target. The rally to 0.8000 should complete wave C/ of B and set the stage for a decline towards 0.6967 to complete a major flat correction for the next impulsive rally towards 1.0000.
A break below support at 0.6967 will indicate that wave C/ of B already has completed with the test of 0.7661 and wave C lower already is in motion for a decline to 0.6654 before the next impulsive rally higher towards 1.0000.
