Have been watching the counts in the EUR/USD very closely overnight and this morning. We either completed a five wave move up last night or have another move up to complete the pattern.
I am leaning toward the alternate right now as the move down from yesterdays highs looks corrective and is not in a clear five wave pattern (although it may be a diagonal).
A break through 1.37 is needed to confirm the change in trend. Until then, we may get a new high.
Larger degree counts favor a potential flat ending at the completion of this rally, which may be completing the entire wave 4 correction (or wave b if you prefer).
