The Euro bounce Friday has satisfied minimum requirements for wave-(iv) now that prices have tested near 1.2988; this bounce also tested the underside of the down channel from May. This week, we’ll look for a continued move lower to below 1.2867. S/t, extension targets are 1.2810 and 1.2710 where channel support surfaces as well. Resistance is 1.2980/3000. Conviction: Med/High Levels: Support – 1.2909, 1.2860, 1.2765 Resistance – 1.2988, 1.3000, 1.3110
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