Euro 1.3852 Key Level

[B]Commentary[/B]: The complex correction idea that we proposed last week remains valid. We are treating the decline from 1.3852-1.3611 as wave A in a larger A-B-C correction. The rally from 1.3608 is wave B and the decline underway no is wave C and should come under 1.3608.

A drop under 1.3727 would instill confidence in the bearish outlook. An alternate bullish count would be favored if the rally from 1.3608 traces out 5 waves (so far it is just 3).

[B]Strategy[/B]: Remain bearish, against 1.3608, targets is under 1.3608