The pair has almost reached the low in the current movement and should then correct once again to the range between 1.06 and 1.11 before the final low, ideal target is 0,09, so only the 0.786 extension should be reached, which is at 0.45 to 0.70 depending on the reference wave. From here, the USD should then move upwards in the longer term, but the outstanding path should also take several more years.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.