Euro Tests 1.3800

[B]Commentary:[/B] No change regarding the EURUSD as the wave 5 within the 5 wave rally that began at 1.3261 is close to an end.

We wrote yesterday that “the 5th of the 5th should exceed 1.3786” and the pair hit 1.3798 this morning. 1.3800 is psychological resistance but we need to see a ‘5 down? to suggest that the trend has turned.

[B]Strategy:[/B] Move to flat (from bullish)