The Euro continues to trade in a messy overlapping range which supports our case that we are mired in a wave-4 correction. This correction is expected to retrace a portion of the decline from 1.37-1.25, even a modest move to the 38.2% Fib would yield a target of 1.2960. S/t, the 1.26/27 range persists and those levels represent key support/resistance going forward. There are many forms that this correction can ultimately trace but there does appear to be a bullish triangle unfolding that can eventually lead to a final push higher. Conviction: Med Levels: Support – 1.2670, 1.2635, 1.2614 Resistance – 1.2700, 1.2731, 1.2840
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