dMLTquant

dMLTquant

There is a big battle taking place in OANDA:EURUSD as the Bulls and Bears seem to have equal strength so it is hard to predict what happenes next. Bulls seem to be winning, pushing the price higher, but I would not remove the Bearish biast off the table yet. It all depends on the ECB mostly and how dovish some of their next actions will be.

dMLTquant

There is too much optimism baked into the TVC:DXY and a small correction is due. Even if it ends up breaking higher (based on fundamentals), it still needs to retest some of the lower levels first.