After the break below 1.34281-1.34104, the impulsive wave (v) extended to the lowerside and is still showing signs of continuing much lower. As long as the price remains below the zone mentioned above, we expect nothing but a possible extension of the last impulsive wave count and could see the price break below the lower trendline towards 1.3124 and may continue much lower. On this chart, unless the price breaks above the same zone with a big green candle, we remain bearish.
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