price moves in a corrective way (inside channel) - zigzag (a)(b)(c) down -
next wave C - first target area 1.1940 (a)=(c)
alternative count: 1/2 (i)(ii)- 1/2 i-ii
let see price evolution
Note
it seems price are losing momentum MACD shows divergencewe have to consider evidence of short time invertion of the downtrend (a)(b)(c) if price cross over
1.2012 key level
1.2027 critical level
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.