The drop to 1.0132 last night could be the small 2nd wave that we were anticipating. A break above 1.0223 would confirm this suspicion.
The latest bull leg (.9710-1.0324) is a wave 1 impulse within a 5 wave bull cycle (wave i of 1 is a diagonal). The drop to 1.0018 is wave 2 and wave 3 should be underway now; which will lead to a break above 1.0324 and much higher prices.
