Thanks for asking for a chart update!Seeing that $1.12 has been...

Thanks for asking for a chart update!

Seeing that $1.12 has been broken, it seems we could expect more down side as it is clear now that wave 2 down hasn't finished yet. but has taken on the shape of an ABC correction of wave 1 up. So it isn't the environment that would entice me to top up, as it has become clear the closing of the gaps wasn't the reason why we are where we are now. The ABC correction down, however is!
In that regard now we need to look at possible retracement levels as indicated by the Fib levels marked with ?. Obviously the macro influences like interest rates higher for longer and the middle east situation are not favoring any turnaround.