I’m penciling in the FOMC press conference low as a fourth wave and now up into five from it. I think that will make a decent five count up from the May 31st low and might in turn be five up from the May 24th low. The alternative is this developing high is wave (III) which would allow one more down/up sequence before a more major reversal.
Bonds invalidated the wave [IV] being complete idea with the push over 127^18 today. Either wave [IV] is not yet complete or wave [V] is going to turn into an ending diagonal.
Euro sprang up after the ECB announcement and thus pushing for a deep retrace. Next overhead targets at 1.1014 and 1.2053.