The EURUSD rally from 1.2886 is in 5 waves. Wave 5 slightly exceeded the 1-3 line Friday and price has pulled back thus a top could be in place. Price has dropped below 1.3858, which bolsters the reversal prospects. I want to point out the similarities between the early stage of the decline that began in March and the decline from 1.4050 to this point (at the beginning of larger declines, price action is choppy).