The EURUSD has extended higher and is closing in on 1.60. A push through 1.5904 would make the rally from 1.5282 5 waves and possibly complete the entire rally from 1.4438.
We say this because the rally from 1.4438 can be divided into 5 waves itself as shown on the chart above. 1.5914 is where wave 5 (from 1.5282) would equal 61.8% of waves 1 through 3. Be on the lookout for a top and reversal.
