- The daily chart shows the 4th wave may have come to an end earlier this week and the 5th wave lower has began.
- As per wave rules, when the third wave is extended, the 5th wave is equal to 1st wave. The first wave led to a drop of 0.0326 and took about 20 days.
- Assuming the 5th wave began on tuesday, the currency pair could drop to at least 1.8070 levels over next two weeks.
BEarish invalidation is seen if prices see a day end closing above 1.8748 (Tuesday's high)