The break from the triangle and decline to 1.25 is viewed as wave 5 within the 5 wave decline from 1.47. A corrective advance over the next month (at least) is expected. Initial resistance is not until 1.33 (former chart resistance and 38.2% of decline from 1.4723). There is risk of a drop below 1.2660 before the larger rally. In this instance, there would be a high reward/risk long opportunity. Even at current price, the ratio is skewed in favor of bulls.
