I think the fall from 2008 high is a impulsive wave. The rally from 2013 is the A wave of three wave correction. Since then , a long and complex complex B wave is unfolding. The recent price action fail at previous swing high and RSI fails at 70 suggest the completion of X2 wave. A short side swing trade against the recent swing high is favored targeting. A full retracement toward 1.38 level is most likely.
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