I would like to maintain down dollar and up Euro, even as the Euro reacted from the 78.6% retracement mark [blue line], after a 3 wave rise, as discussed two days ago. Wave wise it can be i-ii-i-ii, if the trend is up in wave 3 of larger degree. Only if the fall becomes 5 waves at least on hourly charts can I consider that the trend has changed. So far that is not the case.


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