Euro Upside Potential Limited

A 5th wave is underway from 1.3828 and it appears that one more high (above 1.3988) is required before a more significant top is in place. The15 minute chart shows the strucutre of wave 5 from 1.3828 and suggests that it is close to complete. A rally above 1.3988 satisfies minimum expectations for the end of wave 5. If bullish, then remain so but be wary of a large pullback following a test of 1.4000.