A bottom is likely building for wave ii, but we still need a break above minor resistance at 1.6927 to confirm that wave iii is developing for a rally towards at least 1.7348 on the way higher to the ideal 1.7777 target.
Support at 1.6800 should continue to protect the downside for the expected break above 1.6927, but only a break below 1.6744 will force a re-count.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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