We saw the expected rally to a new high yesterday. If my micro-count is correct we are close to see a powerful wave three rally driving up to and probably through 151.44.Invalidation of my micro-count will be a break below 147.73, which will force a recount, but not change the bigger picture calling for more upside.
The most bearish alternate count is that we are in a wave two, which should be over very very soon and turn EUR/USD hard down in a wave iii of 3 (see the chart below).
Invalidation of this possibility will be a break above 151.44.
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