Commentary: We wrote last week that “a potential terminus for the decline is where wave C = wave A at 1.4309. “ The low last week was at 1.4310 and the EURUSD has rallied through 1.4600 already this week. This is the beginning of a 5th wave rally that will exceed 1.5000 and likely test the mid 1.5000’s over the course of the next several months.
Strategy: Bullish, against 1.4309, target TBD
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