The level that we cited as potential support (1.5450/90) has held so far so we are sticking with the bullish bias.
Ideally, we’ll be able to tighten up risk early next week. “We are not giving up on the bullish count until we see a clear 5 waves down from 1.5817. The decline, while sharp, could be a double zigzag. If this is a second wave, then it should come as no surprise that the decline is sharp (second waves are sharp so as to convince the majority of market participants that the trend is back down). Look for support in the 1.5450/1.5490 zone (61.8% of 1.5283/1.5818 and 100% ext. of 1.5818-1.5608/1.5664).”
STRATEGY: Bullish, against 1.5283, target above 1.6018