Recent price action requires a little more time to clarify if we have finished with the retracement and we track the right path or we are in the completely opposite direction... So, I would like to check again how the slightly bigger pictures looks at this point... I have two charts for you guys, with some comments on them...
And wow!!! After that big drop IF sentiment index turned to net long (51% long vs 49% short)... traders are buying this dip... it makes me more comfortable that we r heading down... short EURUSD!
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