The correction of the 1.37-1.33 decline is still unfolding and appears to have completed waves-a & b. A flat, range-bound correction would need another rally to 1.3435/45 and triangle correction would witness considerable more chop over the coming week. The idea here is to find a spot to get short and join the larger decline that has been unfolding since 1.40. (daily) S/t, resistance is 1.3433 (the wave-a high) and support is the recent lows at 1.3333 marking a 1-point range for the near-term. For today we expect the bounce off the low to continue as wave-c completes. (240m) Conviction: Med/High Levels: Support – 1.3333, 1.3300, 1.3200 Resistance – 1.3415, 1.3433, 1.3480
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