Euro Technical Outlook

The count in which a 4th wave triangle is complete is favored so strategy this week and next is to prepare for a break above 1.4340 and then 1.4720. I wrote yesterday that “near term (today / tomorrow), there is certainly the risk of a pullback (maybe as wave ii of 5) in order to correct the short term overbought condition. 1.4050 is potential support.” That pullback appears to be underway.