The bulls didn't step up to the challenge yesterday and we saw one slightly new low at 1.6583, but it seems that the bulls is willing to give it a new try today. We still need a break above resistance at 1.6725 to confirm that wave iv is in place and that wave v higher towards 1.6997 is developing. Once this final wave v of 1 of 3 is over a new correction should be seen, but it should just be a correction before renewed upside pressure is seen.
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