Price fell last week after an impulse wave completed at 105.52 with an expanding diagonal.
We discussed this move before it happened on our Currency Forecast Channel on telegram.
Price gaped up at the beginning of this trading week and we think this might be a (B) corrective leg of a zigzag pattern that should take 102.5 low.
If price breaks below 103.85, there will be a sufficient proof that the bearish move will continue to 100.5.
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