The right divergences are in place for a bottom to form in Euro but still in need of a channel break to raise conviction for an upward correction. A move through 1.2900 would clear the d/t from 1.34 and set the stage for a follow through to 1.30. There are five waves down in place from 1.34 but no clear impulse up as of yet. S/t, failing to hold 1.2826/10 leaves no support down to the major 1.2755 level (our stop is 1.2810). Conviction: Med Levels: Support – 1.2826, 1.2810, 1.2755 Resistance – 1.2900, 1.2925, 1.2981
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