Please see the original analysis for in-depth explanation of our long bias.
We are still awaiting a break above and close above the red short-term down on the hourly with confluence from our price action forecasting algorithm. We will need to see our algorithm predicting a move to the upside with a forecasting chance of 85% or more. Currently, our algorithm is prediction continue movement to the downside but a sharp reversal around the .75700 level with an 82% chance prediction.
Please see the image below for our current algorithm prediction:
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