Structure on the daily is clear thus I maintain that a 3rd of a 3rd wave is down within the 5 wave decline from 1.60. Risk can be moved to 1.3273. A short term Fibonacci extension at 1.27 is a short term bearish target (long term target is much lower). Potential resistance levels where traders may wish to add to short positions are 1.3080 and 1.3120.
