The EURUSD pattern remains the clearest of all the USD major patterns. Very little has changed from yesterday, but expect volatility today (wednesday). Waves A and B of a flat correction look complete from 1.4103. Expectations are for a rally into the Fibonacci zone of 1.4235-1.4316. Such a rally would complete wave C and therefore the correction from Monday's low (perhaps on a spike following FOMC tomorrow??). Daily pivot points are at 1.4223 and 1.4261, which narrows the topping zone. It remains possible that a second wave is complete at 1.4185. Although shallow, the rally did reverse in the area of the former 4th wave so keep this count in mind.
