There is an impulse wave labeled I or A. The retracement wave is a zigzag, labeled B or II. B (or II) wave retraced at 0.768fib of A (or I), by at level, within wave B (or II) c leg equals 1.382 a leg of c. That is fibs confluence. I forecast pairs will move up, target at 0.618 or 1 multiplies wave A (or I).
Elliott Wave

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