We maintain our bearish outlook
Wave 5 of the higher degree is expected to perform in 5 sub-waves, Sub-wave (3) ended at 1.1300 , the 1.1425-65 should cap any rally [sub-wave (4)] to keep the bear market momentum healthy and enable another downward move toward 1.1200 with possible extension toward 1.1080 to complete sub-wave (5) of 5.
Good luck.
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