Commentary: We wrote last week to expect “a larger correction that could reach 1.4434 before a new high in wave 5.” The next good opportunity comes on buying the expected wave 4 dip near 1.4500, for a run to 1.5000.”
The drop to 1.4520 yesterday likely completed wave 4 and price should exceed 1.4751 and test 1.5000 before a larger reversal.
Strategy: Bullish against 1.4520, target TBD