The above chart shows the my favorit count, stating that black circle wave 5 of 1 ended with the test of 132.64, but could it be, that the test of 132.64 was only the end of 1 and wave 2 ended with the test 135.91?
Yes it's clearly a posibility. Looking at USD/CHF (see below) we clearly are looking at overlapping waves, which tells us that this can be a serie of 1's and 2's or just a correction A-B-C-X- Then we will see a new A-B-C move higher from here.
A clear break below EUR/USD at 133.81 would make the altenate count the prefered, while a break above USD/CHF 107.51 will add confidence in the 1's and 2's count.
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