A long cycle is about to end, but not before a further climb followed by a long descent below parity. Then a new phase.
Each cycle (at any time frame) starts long and ends short.
Four-monthly / six-monthly cycle end: 120 daily bars over 168 days At the end of the cycle it wants to do it great. Strong short to break the low already registered, but with a touch to complete the long started that could reach, if not exceed, 1.13. Does the bearish phase end here, or is there still room? I think there is still short in his musical notes
The descent seems to have no intention of stopping