Commentary: Either wave B within the A-B-C correction from 1.0248 (or wave 2 within a 1-2-3-4-5 impulse) is probably complete at 1.0080. We wrote Friday that “ptential resistance is at the 61.8% of 1.0248-.9755 at 1.0060. Look for a top and reversal in that area. The next bearish leg should challenge .9500.” The decline to at least .9500 is underway now.
Strategy: Bearish, against 1.0248, target .9500
Al Bawaba
