During the Asian session we have seen a slight consolidation, the ABCD
has not yet reached its goal and on the daily chart
does not show any overbought. Technically speaking, at the moment we do not see any signal or bearish
reversal. The dollar index
could confirm that the swing is not yet finished. The nearest support we can see it in area 1.08160, while we find the cluster area 1.07700 and this should limit further declines. The ABCD
will reverse only under the point "C".
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