[B]Commentary[/B]: So much for the EURUSD being in the buy zone as we wrote yesterday. Bigger picture, we remain bullish due to the count that treats the rally from 1.4310 as wave 5 in the 5 wave rally from 1.3261. At this point, we are unsure of the correct count from 1.4310 but this is one that we are working with now. One reason that we think this one correct is that the decline stopped in the area of the former 4th wave (as it is counted here). Another possibility is that the EURUSD remains in a large complex correction from 1.4966. Be sure to check FXCMTR and Top/Bottom updates throughout the day…we are watching the short term pattern closely.
[B]Strategy[/B]: Flat