Please see my post from January 28 here first.
There is no change in my view regarding this cross. I'm still looking for wave e of the major running triangle to end for a new major rally higher towards 1.2755 longer term.
Short term I will be looking for a break above 1.2255 to confirm that wave e has ended and the expected major rally is developing. As the low of wave c at 1.2165 shouldn't be broken I think the current level at 1.2201 represents a low risk EUR-buying opportunity with a stop at 1.2160.
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