On the monthly chart of the currency pair continues to bear rally. Price is approaching the level of support formed by the line between points 1 and 3 (see. Figure). If the price has completed a bearish rally around point 5 (valid lower bounds 1,204 or 1,187), it is possible that the generated structure will support the wave 6 (Wolfe Waves).
1.- Monthly Chart
On the weekly chart, more detailed picture. After a small bull throws expect continuation bearish pressure resistance levels 1,204 or 1,1…
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