The lower trendline has acted as support in the past. My thinking is that will be tested again keeping in mind the daily swing low is 1.34 and a break below that would bring 1.20 into play. Will 1.54 hold. I don't think so.
Weekly chart displays to inside shooting stars= Bearish. Weekly chart displays confluence with 18ema @ 1.47 ish and previous weeks low at 1.485 . Plenty to keep an eye on.
Wave count, page-6
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