EUR/USD
The decline from 1.3967 does not look impulsive and therefore I will keep the above count as my preferred count. This count sees the rally of 1.3643 to 1.3967 as minor wave i and the current decline as minor wave ii and I will be expecting a powerful rally in minor wave iii higher towards 1.4196 soon.
However, if important short term support at 1.3643 is broken the alternate count that has wave E ending at 1.3967 takes over.
The decline from 1.3967 does not look impulsive and therefore I will keep the above count as my preferred count. This count sees the rally of 1.3643 to 1.3967 as minor wave i and the current decline as minor wave ii and I will be expecting a powerful rally in minor wave iii higher towards 1.4196 soon.
However, if important short term support at 1.3643 is broken the alternate count that has wave E ending at 1.3967 takes over.
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