Commentary: We wrote yesterday that “it is possible that the drop completed wave iv of 5 and that one more high (and maybe a test of 1.500) will be registered before a more meaningful top is in place.
Coming under 1.4723 would suggest that a top is in place at 1.4966.” There is no change as the rally from 1.4814 is in 5 waves, suggesting additional upside potential.
Strategy: Bullish now, against 1.4814, target above 1.5000