There is little change to the larger structure but the very short term EURUSD pattern has resolved itself.
Expectations are still for price to exceed 1.5843 in the next 3 to 4 weeks. Near term, the rally from 1.5303 to 1.5552 (last night’s high) is in 5 waves, which serves as wave i of the next 5 wave cycle. A small wave ii is underway now and should end in the 1.5400/50 zone (Fibo zone).
STRATEGY: Get bullish near 1.5400/50, against 1.5300, target above 1.5843
