The preferred count that calls for strength for current levels is intact as long as price is above 1.5283.
A drop below there indicates that a C wave is underway towards 1.5108 (100% ext. of wave A from 1.6018) or even 1.4653 (161.8% ext.). We wrote Friday that “the pattern should resolve itself in the next day or two.” The pattern has resolved itself and a low should be in place at 1.5303. Very short term, a small 2nd wave is probably complete at 1.5345.
