Since Feb 2023, this symbol has been trending down. This downtrend can be described by Elliot wave theory as marked out.

Currently price has completed waves 1-2-3-4 (indicated in purple), and found resistance in the 0.8665 - 0.8675 zone. If the resistance holds, I expect price to continue downwards to complete wave 5 at the 0.8400 to 0.8420 price zone.

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