Euro Rally is Wave b

[B]Commentary:[/B] The EURUSD briefly traded above 1.3832 today, hitting 1.3843 before pulling back to the 1.3800 figure. Because the rally from 1.3752 is in 3 waves, the ascent is most likely wave b within a flat correction.

Look for wave c to come under 1.3752. The bigger picture remains bullish but risk of a more severe pullback is also possible as daily RSI remains above 70.

[B]Strategy:[/B] Flat