Euro Technical Outllook

The bullish count continues to prove correct. It is possible that a 3rd wave is complete just above 1.4750 within the 5 wave advance from 1.4438. However, we favor the idea that a third wave from 1.4482 is extending. The next objective is the 261.8% extension at 1.4840 although it is likely that at least a short term top (a trading session or two) is in at 1.4757 (happens to be the 61.8% of 1.4953-1.4438). Support should be strong near 1.4600/05.

[B]STRATEGY[/B]: Bullish, against 1.4531, target mid 1.50s