There is a countertrend bounce after a clean 5-wave decline but momentum is signaling that this is might just be a short pause in the downtrend. The 1.2227 (1.2220 low) midpoint target was hit as a clean 5-wave decline completed; the 1.2227 level is also key support from the 2010/12 uptrend line. The RSI is at 60 resistance and there is a negative reversal which suggests another low ahead.
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