The price of the pair is increasing.

At the moment we see that the pair went on with the alternative scenario. Now the 4th wave is forming as a part of a major correction. Despite the fact that the macroeconomic data from the United States has showed a positive trend, at the moment the pair continues its upward movement.

The technical indicators currently show mixed dynamics. The MACD is still in the negative zone, while the Stochastic has entered an oversold territory. The dollar index continues to decline and is now down to a level around 93.25.

Our advice is to hold long positions and consider goals near the mark of 1.1850.