By now ,the pair has almost completed impulse [3] which may be followed by an ascending correction [4]. The depth.relative size and structure of this correction may help us to predict how the pair will in the future .

Sup: 1.2380- 1.2505 -1.2606

Res: 1.2866 -1.2967 -1.3060

By Theodoros Batsoulis, Technical Analyst