Look for one of the following scenarios to play out. We may get a longer correction. in the overall Uptrend or we may start going back to meet the previous top before a selling opportunity presents itself.
We are still waiting for yen to pass through the 106 area to confirm that price trend is once again up.
Euro like other pairs is moving sideways, and price may still go up temporarily, revisiting 1.1185 or maybe reaching 1.1230 before going down.
But if EURUSD manages to break below its corrective channel, chances are, bears are back again.
Like Gold, Silver rallied as high as 21.10 before it turned down. Currently, price is trading sideways which may go as low as 19.00 area.
A break out from its corrective channel will signal that this metal is back to being bullish once again.