Commentary: The terminal thrust from the longer term triangle may be complete as a 3 wave decline (Y wave) and a bottom may be in place at 1.1623.
Given the possibility that the rally from 1.1623 is an impulse and that the decline from 1.1894 looks corrective, a bullish bias is warranted against 1.1623. The 61.8% of 1.1623-1.1894 at 1.1726 is potential support.
Strategy: Get bullish near 1.1726, against 1.1623, target TBD
