Commentary: The scenario that we have described recently is playing out. Expectations are for a corrective rally that we will look to sell into. The drop below 1.0012 does complete 5 waves down from 1.0378 and the mentioned corrective advance is expected to begin soon and bring price back to at least 1.0117 in what is either a 2nd wave or B wave.
Strategy: Flat
Al Bawaba
