As the single currency has fallen again after meeting renewed selling at 0.8382 last week, adding credence to our bearish count that the wave (B) from 0.8400 has ended at 0.9413 earlier and wave (C) is now in progress with 1: 0.8603, 2: 0.9150 and wave 3 already met indicated downside projection target at 0.8230 (38.2% Fibonacci retracement of 0.5682 to 0.9805) earlier and further weakness towards 0.8149 (1.236 times projection of wave 1) would be seen.
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