Important support at 1.3643 has protected the downside and we saw a new impulsive rally out of the low at 1.3673. After a short term correction possibly into the 1.3725 - 1.3742 area I will be looking for the next impulsive rally higher towards at least 1.3872 and more likely even higher towards 1.3958 and 1.4097 in wave iii of c as the final rally of the major E wave develops.
My preferred long term Count still shows that a major B-wave triangle is unfolding and we are currently working on the final part of the E-wave of this triangle. As long as support at 1.3643 protects the downside we should continue to look for a move higher towards 1.4197 before wave E finally comes to an end. That said this is not the time to to aggressive as a top could be found any time now.
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