Commentary: We wrote yesterday that “a slight new high (above 1.4731) can not be ruled out before the larger correction takes place but to expect a 4th wave correction that could reach 1.4434 before a new high in wave 5.”
That small correction may be underway now as the pair has traded down from 1.4751. Still, the next good opportunity comes on buying the expected wave 4 dip near 1.4500, for a run to 1.5000.
Strategy: Flat