With the initial wave-1 complete (part of an expected 5-wave rally to ~1.15), wave-2 is now well underway and we are focusing on 1.0757/0693 for a pullback low. The small bear triangle suggests another push lower ahead and the Fibonacci extension targets project down to the aforementioned zone. Once wave-2 completes, that will set the stage for what is often the most powerful move in a rally…wave-3 up. Conviction: Med Levels: Support – 1.0829, 1.0757, 1.0693 Resistance – 1.0870, 1.0928, 1.10
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