Take a look at the USD index, which also points to further weakness.
The price has broken above March'15 high by just a slightly bit and reversed quickly, which increase the chance of a
expanding flat correction is still unfolding.
If this is the case, a five wave decline is the next thing and we may ride this drop in USD.
Furthermore, it's year end, market is still massively short EUR, long USD.
Be careful of year end unwinding.
The price has broken above March'15 high by just a slightly bit and reversed quickly, which increase the chance of a
expanding flat correction is still unfolding.
If this is the case, a five wave decline is the next thing and we may ride this drop in USD.
Furthermore, it's year end, market is still massively short EUR, long USD.
Be careful of year end unwinding.
