Euro Technical Outlook

The EURUSD rally from 1.2886 has slightly exceeded the level at which it would be equal to the 1.2454-1.3742 rally; which is 1.4174. Equality between waves a and c are common. The alternate, in which a larger complex correction will end above 1.4723, does remain valid. RSI divergence favors a top before 1.4723.