elliott wave analysis
there was a break down in trend channel @ 0.6127 area here bearish trend is conformed.now correction is on the way in subwave ii/minuettewave iii. since it is the second wave we may expect a sharp bounce to fib levels of 0.618-0.786 . sell at these levels with s/l above 0.6162 & initial target of 0.6130
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