As we are running out of steam in the Dollar crosses, and DXY
is kinda ahead of itself, I think this is a nice setup at a major level looking for a nice breathing room. The long-term outlook for EURUSD
is in fact BULLISH
as the ECB will be getting ready to put an end to the QE
program in the mid 2017, huge surplus for the ECB, and an increasing deficit and debt over in the U.S.