We have seen the expected correction lower, but not yet quite a deep as expected (the low has been seen at 1.6825). As long as minor resistance at 1.6976 is able to cap the upside, we still expect a final dip closer to 1.6808 with an outside chance of moving lower to 1.6740 before the next impulsive rally should commence, for a rally towards 1.7479 and 1.7777.
Our stop at 1.6905 was hit for a nice profit of 210 pips on the final 50% position. We will buy EUR again at 1.6815 or upon a break above 1.6976.
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