[B]Commentary:[/B] The alternate bearish count should now be favored. This has the decline from 1.3838 as wave C of a larger A-B-C correction from 1.3852.
Price is likely to continue lower towards the 100% of 1.3852-1.3608/1.3838 at 1.3595. The next bearish target is the 161.8% extension at 1.3445. The bearish bias is strong as long as price is below 1.3723.
[B]Strategy:[/B] Bearish against 1.3824, targets 1.3600 and 1.3450