I see the current price action as a correction. After this correction is over price will drop again for wave C. Based on the regression analysis of EURUSD to the Dollar index on a daily timeframe . 85% of the move in EURUSD is explained by the movement of the Dollar Index . Dollar index just got out of a correction. Price will now head higher. This will make...
I see a bullish set up. I will keep my SL short since there is still a possibility of retracement to the weekly support. Also COT shows that NON COMMERCIAL are now adding sell position on the CAD which I believe will make USDCAD go up soon. Good Luck....Thank You :)