Commentary: The structure of the decline from .9734 looks like a larger B wave. The individual legs of the decline are all in 3 waves and the decline itself is in 3 waves. If this is a B wave, then price is likely to exceed .9734 before bearish potential comes to the forefront.
There is the possibility that this is a more significant low as well but there is no evidence of a turn yet.
Strategy: Flat