Commentary: We wrote yesterday that “the EURUSD is in a 3rd wave and a 4th and 5th are required before any meaningful top is in place. An objective is the 161.8% extension of 1.4015-1.4349/1.4125 at 1.4666.”
The pair has exceeded this level and tested 1.4700. Still, expect a small 4th wave correction that could reach 1.4434 before a new high in wave 5.
Strategy: Flat