The market is in a correction now, I see 3 different possibilities.
1. Correction waves A, B, and C have been completed and may drop below to pink dotted line at around 1.05135 then rise to 1.07997 (the black middle line)
OR
Break through the bottom dashed pink line on to 1.05135 (dashed purple line) and may even continue the trend to 1.03480
2. WAVE C may continue to fulfill a complete WAVE 3 OR may simply bounce off of the top pink dotted trend line down to 1.07997
1. Correction waves A, B, and C have been completed and may drop below to pink dotted line at around 1.05135 then rise to 1.07997 (the black middle line)
OR
Break through the bottom dashed pink line on to 1.05135 (dashed purple line) and may even continue the trend to 1.03480
2. WAVE C may continue to fulfill a complete WAVE 3 OR may simply bounce off of the top pink dotted trend line down to 1.07997