[B]Commentary[/B]: We still maintain that "the 4th wave correction of the 1.1825-1.0548 decline is underway.
The projected end for wave 4 is 1.0849-1.1036. 1.0849 seems more likely since that level intersects with channel resistance this week." Friday?s low at 1.0601 is the bottom of wave b within the larger wave 4.
[B]Strategy[/B]: Bullish, against 1.0548, targeting 1.0800