• 5-wave up-move is currently retracing;
  • Stalling for now at a minor Fibo but obvious support at prior highs and 38.2% at 1.3420 (see chart);
  • Daily lows at 1.3470 ahead of there and resistance now starts at 1.3645;
  • I’d trade with s/t bearish bias but expect prices to stay in broad 1.3420/1.3650 range.