[B]Commentary:[/B] The reversal with long term bullish implications is underway as there are 5 waves up from the 1.0470 low. The 5 up? is the dominant pattern. The pair has traded sideways since in what appears to be a triangle. A rally through 1.0656 would signal the resumption of the newly established uptrend. 1.0470 is critical to the bullish case.
[B]Strategy:[/B] Bullish, against 1.0470, target TBD