Please see my post from January 7 here first.
On January I was looking for a minor b-wave triangle, but that didn't unfold as expected, but that did not alter the larger picture, which still calls for wave D of a larger triangle towards 0.7800, which is what I still am looking for. The decline from 0.8425 should be an impulsive decline (in five waves). As we have entered wave three of this decline we should expect acceleration towards the downside.
Short term I will look for a minor correction towards 0.8149 - 0.8177 before the next decline lower towards 0.8003.
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