EURUSD May Dip to 1.4200

A clean 5 wave rally is evident from 1.4044. While this suggests that the larger degree EURUSD rally is not yet complete, a correction of the impulsive rally is expected. The 50% to 61.8% retracement zone is 1.4172-1.4212. 1.4200 is also the former 4th wave extreme.