The latest bull leg (.9710-1.0324) is a wave 1 impulse within a 5 wave bull cycle (wave i of 1 is a diagonal).
The drop to 1.0018 is wave 2 and wave 3 should be underway now; which will lead to a break above 1.0324 and much higher prices. Very near term, the break above 1.0223 suggests to us that the drop to 1.0132 was a small 2nd wave. Risk on longs can be moved to 1.0132