We are looking for a rally in minor Wave [iii] to carry to the swing high at 1.2476, with an extension target to 1.2484, before another correction lower sets in. Key resistance on this view is the near-term swing high labeled Wave [i] at 1.2413. A move above there adds confidence we have entered another rally leg of this move. On a move above 1.2413 we
will look to lock-in some open profit.