The $ correction finally seems to be underway

EURUSD: The question is whether this only is short covering ahead of€CB or if the market is changing its behavior from selling thebounce to buying the dip, If the latter is true we aredefinitely moving in the direction of a more profound upsidereaction (something that divergences in momentumindicators has suggested for quite some time now). A firstmilestone on Correction road will be to break the pattern offalling tops i.e. breaking above 1.2715.

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