Euro Decline is Corrective

[B]Commentary:[/B] The wave structure continues to favor the upside. Look for a new high, above 1.3637, in order to complete the third wave within a 5 wave rally from 1.3261.

A 4th wave correction would be next. The forecase for a range over the next two days makes sense too given the holiday in the U.S. tomorrow. We still expect 1.3680 to be exceeded before reversal potential comes to the forefront. Given that the bulk of the move is complete, we are moving to the sidelines.

[B]Strategy:[/B] Move to flat