Price remains below 13991 (stay bearish below there…targeting 13650-13750) but the break above the ii-iv line suggests that a larger correction is underway.  The area of the former 4th wave begins at 14028 and extends to 14200.  I’ll be looking for evidence of a top in this zone.  The 38.2% of the decline from 14583 [...]

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Remaining short the EUR/USD has proved profitable as the pair reached as low as 1.3852. Although there is still bearish potential to 1.3483-61.8% Fibo of 1.2444-1.5149 current bullish sentiment at a level where we see former congestion, justifies [...]