Well, it seems that everybody is extremely bearish USD again... that's a sign...
They also seem to have forgotten those solvency problems in EU... that's also very wrong...
If current counting is correct then market put a failed 5th in the top of this 5 wave sequence, and then dropped really hard... that means that probably this was the end of the correction and we should be looking south for the EURUSD the next months...
Also, i already said that breaking the lower boundary of the channel should be the first clue that the upside move is over... I am now anticipating a retest of the broken line and continuation of the downwards move...
They also seem to have forgotten those solvency problems in EU... that's also very wrong...
If current counting is correct then market put a failed 5th in the top of this 5 wave sequence, and then dropped really hard... that means that probably this was the end of the correction and we should be looking south for the EURUSD the next months...
Also, i already said that breaking the lower boundary of the channel should be the first clue that the upside move is over... I am now anticipating a retest of the broken line and continuation of the downwards move...
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