After the hanged man showed itself
yesterday, the confirmation for a reversal has been fortified. The
trend which is now on the bearish move will most probably break the
first layer of support. Traders may ride the down surge for a while
until before the 1.2640 mark which may be the testing ground.
According to my wave interpretation, the second wave is just forming
and may break the 1.2910 value before it is done.
R1: 1.2910
R2: 1.3175
S1: 1.2750
21: 1.2640
R2: 1.3175
S1: 1.2750
21: 1.2640
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