28 Aug 2020 ● 06:43 AM
The EURINR developed an expanded flat in wave IV correction. This means that after wave III wave b went to a new high and then fell in 5 waves down from there in wave c of IV. Now wave IV has support near 87.20-86.70. Somewhere in that range upto the reverse parallel channel shown in the chart we will complete wave IV down and start wave V up back toward 91.50.