We are still looking for a break below minor support at 133.39 to provide acceleration lower in red wave iii towards 131.04 as the first target. In the long term, we are looking for a decline towards 125.98 as the final low for wave C expanded flat correction from the December 2013 high at 145.69. At that point, a break above minor resistance at 134.60 will delay the expected downside pressure, but only a break above 135.63 will invalidate an immediate bearish count.
We are short EUR from 133.90 and will keep our stop at 135.70. If you are not short EUR yet, then sell a break below 133.39 with stop at 134.65
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Uitgevoerd door, Analytische expert
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