Commentary: Wave 4 within the 5 wave bull cycle from 1.3261 is underway now. Wave 2 (of the same degree) took 4 weeks to play out and this week is week 3 for wave 4. Therefore, we expect a significant bottom to form next week. The rise from 1.4620 is wave b of 4. Look for wave c of 4 to begin in the next few days.
Resistance should be strong near 1.4835 (61.8% of 1.4967-1.4620).
Strategy: If already bearish, remain so against 1.4908. If not, get bearish near 1.4835