Commentary: As mentioned yesterday, our previously alternate count is now the favored one; and the bullish potential is great. The next level of resistance is the 200 day SMA at 1.0364, but the next level of chart resistance is not until 1.0866. A measured objective is at 1.0915 (extension). The rally from .9755 is the first wave in a larger 5 wave advance so we are waiting for a setback in order to get bullish against .9755.
Strategy: Flat
Al Bawaba
