DAILY ANALYSIS:
We have either seen the low in Wave EF^D or we have one more dip to around 0.8659. This should then require the final 3-wave move in Wave EF^E before stronger losses develop...
INTRADAY ANALYSIS:
We need to take a bit of care here. The ideal target is at 0.8659 but it's a bit too obvious so I feel we need to react carefully. The current correction in (cyan) Wave iv appears to have a limit around the 33.3%-38.2% retracement at 0.8751-61 and from there this has to meet the 261.8% projection in (purple) Wave iii at 0.8672. From there, we should see another correction - as low as 23.6% but could be as much as 38.2%. It will require a stubby 33.3% (approx) Wave v to stall exactly at 0.8659 but give leeway eitherr side...
We're still seeing 4-hour momentum in the process of developing a bullish divergence and hourly needs to catch up also. Thus, take care in these final stages. Once the low is in place we should expect a recovery back to the prior Wave -b-...