[B]Commentary:[/B] The bullish EURUSD scenario is playing out as expected. There is a slight change in the wave count from yesterday, with the result being a more bullish count. We see potential for a third of a third wave to unfold towards the 161.8% extension of 1.3370-1.3546/1.3450 at 1.3734. Keep risk tight though once price reaches 1.3626, which is the 100% extension.
A top and reversal there would indicate that a larger bearish cycle is likely underway from the top at 1.3852 (the alternate count is shown in black). This near term bullish bias is best served with 1.3450 remaining intact.
[B]Strategy:[/B] Bullish now, against 1.3450, targets 1.3620 and 1.3730