DA
[Consolidation then lower]
Key Level: 1.4631 & 1.4910
Continue to look for a consolidative pause to last a little longer above 1.4697 (and possibly see a move back toward 1.4778). However, with an impulsive (five wave) downward movement now arguably showing from a potential fourth wave high at 1.4910, a retest of the recent 1.4631 low should be expected once the present consolidation is over. Only an impulsive return back up through 1.4829 and then on toward 1.4910 would suggest that a broader more complex fourth wave correction was still in progress. J Hunter