The break above 1.0197 negates our bearish bias. Therefore, what was previously our alternate count is now preferred. The drop to .9710 completed an expanded flat from the December high at 1.0248.
It is highly probably now that a multi-year low is in place at .9055. Objectives for the bull move that began at .9710 are near 1.09 and 1.1600. We will look for long entries going forward.
