The break below the channel support-line, does add strength to my count suggesting, that wave 2 did indeed terminate at 1.3811, and that we are now in the early part of an impulsive wave 3 decline. If this is the case, we should expect correction to be small, as the downside pressure mounts.
Short term I will be looking for a small correction towards 1.3694, before the next downside pressure takes out support at 1.3619 and more importantly support at 1.3524 confirming a new test of 1.3295 on the way lower towards at least 1.2941.
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