Commentary: The bias is bearish as long as price is below 1.1122 but it is possible that we see a push through 1.0988 in order to complete an expanded flat. Bigger picture, 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.
Strategy: Exit bearish position
Al Bawaba
