Analysis method - “Gann Swings + Price Action” November 1, 2018
A very sluggish development of upswing is in progress, that is determined by the absence of market’s direct buy signals.
Forming of the downswing goes with small amplitude, that may produce expectation of correction. However, there were no direct signals for stopping or reversal so far, therefore, it’s rather to wait for renewal of the lows (in direction of the 1.26 and 1.25 levels)
Development of trending downswing continues within long-term downtrend
Downswing has started predictably with potential of decline under 1.1515.
