[B]Commentary[/B]: The EURUSD did hit triangle resistance at 1.4900 (if a triangle is unfolding). The next leg of the triangle will be lower in wave e in order to complete larger wave 4 before the thrust higher in wave 5 through 1.50. Look to get bullish near 1.4575/1.4600 (the 61.8% of 1.4362-1.4910 is at 1.4571), against 1.4310, for a run at the mid 1.50’s. The time sequence of the triangle favors the idea that wave d is complete. The first leg of the triangle took 20 days, the next leg 17 days, this leg would be 6 days today…so a top today or tomorrow seems reasonable. This time sequence would lead to a low that we look to buy in wave e sometime late next week.
[B]Strategy[/B]: Flat