The expanding flat correction from 1.0956 is coming to an end and the risk is no longer to the downside but is shifting towards the upside. We continue to look for a final dip towards the ideal target at 1.0530, but it should be the final dip. Once completed, a new impulsive rally in wave 3 towards 1.2085 is expected.
In the short term, a break above minor resistance at 1.0768 will confirm that wave 2 has been completed and wave 3 higher is unfolding.
