I'm still looking for an acceleration lower, but the overlapping structure we have seen over the last couple of sessions could indicate, that we "only" have seen a leading diagonal as wave i and wave ii is about to develop. If a leading diagonal has been developing, then we should be looking for a correction towards 1.3697 before the next powerful decline lower towards 1.3500 and possibly even lower.
At no point can a break above 1.3739 be allowed as that will indicate a prolonged correction from the 1.3507 low.
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