Commentary: Near term, the EURUSD is bullish as long as price is above 1.4154. We expect price to exceed 1.4281 while 1.4154 remains intact. The decline from 1.4241-1.4154 is clearly a 3 wave correction and may be wave 2 within a new 5 wave bull cycle from 1.4015. I
n this case, the rally should accelerate in wave 3 in the next day or 2 and is expected to exceed at least 1.4380 (where the rally from 1.4154 would equal the 1.4015-1.4241 rally).
Strategy: Bullish against 1.4154, target TBD