The less likely outcome prevailed as support at 1.3516 did not give away. It wasn't even close to be broken. I will be looking for a wave ii top near 1.3674 to pave the way for the next impulsive decline towards 1.3508 on the way lower to 1.3200.
A break above resistance at 1.3699 will invalidate the above count and call for a rally closer to 1.3745 before a top can be expected.
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