Euro Measured Objectives Above 1.3700

[B]Commentary[/B]: We maintain that wave 5 within the 5 wave rally that began at 1.3261 is underway and is to exceed 1.3680 before a reversal with longer term bearish implications. A measured objective for the end wave 5 (that began at 1.3568) is the 161.8% extension of 1.3568-1.3640/1.3594 at 1.3711.

Another measured objective for the end of the entire 5 wave rally from 1.3261 is where wave 5 (beginning at 1.3568) would equal wave 1 (1.3261-1.3437) at 1.3744.

[B]Strategy[/B]: If already bullish, remain so as long as price is above1.3594, look for a top at 1.3700/50.