Using a Wyckoff view the EURUSD has completed the jumped of the creek and we are now looking for a back up to the creek in phase D. A volume climax is seen and the uptrend stride has been broken. A low volume pullback to the creek is anticipated before the start of the mark up in phase . Distribution is seen on the daily time frame also confirming the pullback.
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On the daily time frame we see the distribution and break of the upward stride. This is part of the weekly back up to the creek.
Comment:
Still waiting for the pullback to the creek to complete.
