Price action overnight has taken out the first Daily Trend line but that is still facing down and is either going to attract a direct retest or price will stall for a while until it is moving nearer - it will however, need to touch it me thinks before moving on, even though the intraday My-Wave has formed to the upside. Price is now bouncing around the daily pivot and the second trend line. As can be seen, an eventual move to R1 will clear all the resistance lines and give permission for My-Wave to get rolling.
I have added in dashed pyrapoint/gann lines off the 1.3352 low, which gives a slightly phased look to the ladder. However, the weekly trend line and ladder cluster at 1.3500 ish makes a good target for today. (please!) Do refer to the weekend summary for the bigger picture counts.
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