| Market Direction
As for the Market Direction, even that my computer on which I do my analysis is still not operating, I would just briefly say that the lowest price level I was ready to agree with this wave was 1.2437 (it touch 1.2425).
But, since it already met it's time/price objectives (lowest possible price was 1.2403) I would change my view to neutral to mildly bullish and would watch for a sudden move down to 1.2300/2297. Below 1.2255 will mean that this intermediate move up is finished and we either enter into consilidation or 5th wave down.
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