We maintain that the drop that ended just below 1.0550 was probably a 4th wave correction.
As such, expectations are for a new high (above 1.0726) to complete the advance from .9974. Longer term objectives are at 1.08 (61.8% of the 1.1875-.9055 decline). Look for a top and reversal near there. Coming under 1.0543 would require a reassessment of the situation.
