Commentary: We wrote yesterday that “with price pushing through 1.1353, it is clear that wave v of 3 is not yet underway. The next level of potential resistance is the 50% of 1.1896-1.0886 at 1.1391.” Look for a top and reversal near that level, which is just in front of the psychologically important 1.1400 as well.
Strategy: Flat
Al Bawaba
