If my count is correct wave iii of 3 is just starting and a very powerful rally should soon unfold. Short term we could see red wave ii a bit deeper towards 1.2371, but from there or upon a break above 1.2536, we should see the next rally higher towards at least 1.2733 and more likely towards 1.2946 and maybe even higher.
Only a break below 1.2160 will invalidate my bullish count and call for a deeper correction before the next rally higher.
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