The recent upside failure at the 1.6745 level combined with the breach of the 1.6270 level adds credence to the view we have finished the C leg of a larger consolidation triangle pattern. A loss of the 1.5995 pivot point would add confidence for an eventual swing back to 1.5010 and lower. In the interim, the strategy remains to sell upside reactions against the 1.6745 peak. (Ref:
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