[B]Bias: [/B] I am still looking for losses down to 0.6525-44 with 0.6690 providing a temporary pullback
Losses have progressed and should soon hit the 0.6690 intermediate support. This should cause a correction but it is unclear quite how deep this will be. At a minimum the 0.6750-70 area in implied and at a maximum 0.6820. If it gets to the higher then we may see a small triangle develop. A cap around 0.6750-70 would generate losses below 0.6690 and down towards the favored 0.6525-44 target which I look to hold. Thus only breach of 0.6510 would generate stronger losses for 0.6422 and 0.6389.
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