Right now the U.S. Dollar is on the rise, most likely because traders feel the the Federal Reserve
will raise interest rates shortly. Looking at the EURUSD
(Euro/US Dollar) daily chart
, there is still the large spike candlestick
on 11/08/16 from the US Election results as Donald Trump was declared the winner; however, the market was in a downtrend before the election and still remains in a downtrend. There is potential support at the 100% Fib Extension around 1.07133. Should the Quintalytics TrendGuide cross above 0 (zero) look for a potential countertrend/pullback trade.