After the confirmation of the historical bottom at 1.1880 by the formation of a significant Wedge Falling, prices started a bullish rally until they found resistance at 1.2468 on June 20th and then started a 38.20% fibo correction at 1.2243.
If this 38.20% fibo correction gets confirmed, which will happen at the break of its top at 1.2468, we foresee a possible bullish rally.
Therefore we see good buying opportunities above 1.2470.
If the prices close below the supports 1.2330 and specially below 1.243, this possible bullish rally gets cancelled.
