- Main long term falling (Dynamic Resistance)
- 1.272 extension for the latest wave(AB)
- Previous swing high(Horizontal resistance) at 0.7430
Even if the upside to continue, I expect to see short term downside pullback towards at least 0.7280 before further upside. I would look to short within 0.7355-0.7430, targeting 0.7280 and 0.7200.
A break above 0.7430 will probably extend the rally to 0.7550 major .
My Best Regards
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