The trend has just hit the descending resistance line shown on the chart from the recent to up swings , and we could see some ret. from here into wave E of the triangle or wave (ii) of wave 3 assuming we are already on the 5th wave up , Fib. Support levels to watch extends from 1.3840 - 1.39 although a drop to 1.38 where the triangle trend line support might be possible too .
if the trend breaks above 1.4 level and tests the recent high at 1.4070 , that could be a strong indicator that we r currently on wave 3 already and eliminates the triangle 4th wave count
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