Wave (iv) of an expanding diagonal wave (c) red is nearly complete, thus, setting up for a medium-long term short wave (v) towards 1.1420. Potential is on the downside.
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Correction:
Since it's an expanding diagonal , the projected wave (v) should be a double zigzag as following chart :
Since it's an expanding diagonal , the projected wave (v) should be a double zigzag as following chart :