Euro continues to consolidate losses from the 1.3677 level (this is where Euro failed below critical support). The current consolidation range is 1.3512-1.3580 and it is unfolding as an a-b-c sideways range; the 3-wave move to 1.3579 to 1.3513 from Friday is the sign that this correction is not yet complete and is likely to trace another upswing. Resistance today is 1.3552 & 1.3580, support is 1.3513. Ideally a 5-wave impulse to the high end of the range can complete wave-(c) of an (a)-(b)-(c) range. Once this range completes, a new wave-3 downtrend can commence. Conviction: Med Levels: Support –1.3513, 1.3477, 1.3273 Resistance – 1.3552, 1.3580, 1.3675
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