This market has been in a very strong up trend, but has also recently failed to make a new high. Now it's correcting, breaking the bull trend line
, likely retracing by 38.2%, 50%, 61.8% or more. We never know for sure how deep the correction is going to be, so it is advisable to wait for the correction to die out, before going long again. The USD is still the strongest currency, while the JPY is weak.
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