On the daily chart, the third wave of the higher level (3) formed, a downward correction developed as the fourth wave (4), and the formation of the fifth wave (5) started. Now, the first wave of the lower level 1 of (5) has formed, and a downward correction is starting to develop as the wave 2 of (5). If the assumption is correct, the pair will fall to the levels of 1822.34–1794.47. In this scenario, critical stop loss level is 1913.30.
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