Commentary: “The decline from .9399 could be just an a-b-c decline. This is suggestive of a resumption of the uptrend and eventual rally through .9399. The other count is bearish and suggests that an a-b-c flat correction is unfolding from .8753. In either case, price is expected to exceed .9068.” We have maintained a short term bullish stance against .8653 and price has held above there (barely). Needless to say, confidence in the bull at this point is low.
Strategy: Bullish, against .8653, target TBD