With the break below the 38.2% corrective target of wave iii we should be looking for a continuation towards the 50% corrective target at 0.8294, which should protect the downside for a break above minor resistance at 0.8322 as the first good indication that wave iv is over and the final wave v higher towards 0.8410 and more likely higher towards 0.8468.
Only a break below support at 0.8286 (the top of wave i) will indicate that wave i of 3 already ended at 0.8400 and the ongoing correction is wave ii of 3 and wave iii of 3 should be just around the corner. A break below 0.8286 does open for a deeper correction, but ideally the 61.8% corrective target at 0.8268 will protect the downside for the next impulsive rally higher.
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