As you can see on the graph I think we have to have one more wave to the downside towards 1.05 and why not parity. We are trading close to the end of the wave B from the bigger ABC correction, an area with a lot of resistance that can be a good place to start loading short positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.