This is a close up view of wave E.
There is the possibility that the wave E decline is complete at 1.0047 but E waves are usually deeper. As such, it is probable that we see a drop next week that ends closer to 1.00. There are Fibo levels at 1.0010 and .9926. Look for a bottom and reversal near these levels. This outlook is intact as long as price is above .9818.
STRATEGY: Bullish, against .9818, target above 1.0324 (but a test of 1.00 is probable in wave E of the triangle)
