Because wave B can not be in 5 waves we are on the cross roads here: either we will break up in impulsive fashion to develop wave C or the price will break through support and will progress with wave c to the downside.
Chart H4 and Daily present bullish perspective.
Bullish case is being supported by Gann Fan 1×1 line (no break of this most important line). Please notice : If price break through to the upside then next Gann resistance line is somewhere at 1.3400 area:
But bearish case is being in view by Non-Linear Regression Model. H4 clearly points to the downside:
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