The bearish phase that continues for a few hours, is convincing the shortists to operate. It does not look like that. I think that the price will retract before it starts to jump off its top that ranged between 1.176 in a few days, and 1.184 of late July
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Same graph from origin, by Fibo
It still remains to reach 0618 around 1.195 / 200 but there will be one to two months of time for this and in the meantime, we can witness a price collapse.