The result of the beginning of the week neither confirmed nor disproved the expectations of close Diametric [e]-wave completion. Without a reliable [e]-wave structure the key moment will be a firm break of the current week top that coincides with 61,8% retracement of the last bearish m94 monowave. Only in such case we can expect Diametric [f]-wave development. Nevertheless [f]-wave will not have any signs of strong bullish trend and its amplitude (in absolute/limiting values) should not be longer than [d]-wave and it will be evidently in rather broad boundaries from 1.40 to 1.43.
In any case at the break of 1.3740 planning of short-term buying positions with minimal targets up to 1.40 is very logic.
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With respect,
Alex Smith