We are re-working the count this morning to show that the rally from 1.0134 may have simply been a 4th wave within the 5 wave drop from 1.1105. If this is correct, then price would come under 1.0134 in a 5th wave to complete the decline from 1.1105. A larger upward correction would then take place. An unorthodox channel line also provides resistance.
STRATEGY: EXIT LONG
