Look at the commercial Traders and see that a) we have started a correction and b) we still have some way to go before we c) need to see a turn down in the green line to call the bottom....
... the Euro on the other side seems less clear with an extreme in the commercial position. Anyway we need to see a turn first before we can call the end of the EURO weakness....
The Euro also has the look of an Elliott Wave Impulse Wave down where we are in the middle or end of a Wave 3. Impulse Waves com in 5's meaning we could have more action to the downside before we can call the end of he Impulse. Pls also bear in mind that commodity impulse waves tend to extend "5" waves (W.5 will be longer than W.3 and W.1).
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