Commentary: Our favored count is playing out. We wrote yesterday to “remain bearish for the drop to the 1.4400’s against 1.4750.” Price has plummeted below 1.4500 and the next level of potential support is the confluence of the 38.2% of 1.3360-1.4966 at 1.4353 and where C = A at 1.4306.
Strategy: Bearish now, move risk to 1.4655 (from 1.4750), target 1.4360