ezodisy

eurcad - correction may continue

FX:EURCAD   Euro / Canadian Dollar
39 0 7
I think the minimum correction has been met -- (C) has finished or we are in or towards the tail end of it. Frankly I am looking for price to continue rising, as the down move is only in 3 waves so far (see chart below). There are several variations from here -- it's done, or one more up, or we just completed wave 1 of C of (C), or more beyond that. The bottom line is that there is no impulse down yet to hint that the correction is over.
Comment: overlapping corrective waves from the high with possible divergence.

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