Repeating what we mentioned yesterday, “the EURUSD RSI extreme occurred in mid August, making it likely that the drop from 1.4908 is wave 5 of the drop from 1.6038.
A rally through 1.4428 would be the first sign that a larger correction is underway.” The EURUSD has held 1.40 and should be headed for a test of 1.44.
