The nice five wave decline of the 1.3699 high (wave 2) tells us, that the next impulsive decline is developing. Short term look for resistance in the 1.3580 - 1.3626 area to protect the upside for a decline below 1.3524 confirming the next decline towards 1.3314 as the next likely downside target. However, as we have entered wave 3 the downside could easily extend.
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