The failure to break above resistance at 1.0919 followed by the break below the former low at 1.0719 has forced a recount for wave v of C.
Overall I still think an important bottom is pretty close, but the break below 1.0719 has opened up for a decline to 1.0570 as the first target as long as resistance at 1.0791 and more importantly as long as resistance at 1.0862 hasn't been broken. A break above 1.0791 will be the first warning, that an important bottom might be in place, while a break above 1.0862 confirms the bottom for a rally above 1.0919 and higher.
