[B]Commentary[/B]: The bias is bearish as long as price is below 1.1122. The pair rolled over from just below 1.1000, but 1.1122 remains the critical bearish ‘line in the sand’. The decline from 1.1122 is probably a 5th wave (of larger 3) and an objective is where wave 5 equals 61.8% of waves 1 through 3 – at 1.0553.
[B]Strategy[/B]: Bearish, against 1.1122, target 1.0560