Having reached the projected wave 4 target at 1.5552 (int. 38.2 %) this market is offering a very good risk reward to bet on a still missing 5th wave decline which would most likely retest the 2013 low at 1.4813 if not the lower support zone between 1.4339 and 1.4228 (76.4 % on highest scale/2010 low). Only a decisive break above 1.5552 would constitute a game change in favor of a much broader recovery in which daily Ichimoku-resistance at 1.5884 for the lagging line might only be a minimum target.
Strategy: WE SOLD AT 1.5533, TARGET 1.4850 AND 1.4350, STOP AT 1.5650