The EURUSD has been in a massive downtrend, and it appears that we are nearing the bottom. We are currently in the fifth subwave of the final bearish wave.
If you are an investor looking for a currency pair to trade during NYSE/LND trading hours, the USDCAD should be one of your top priorities.
This is more for the benefit of fellow forex traders.
I've been trading this pair for over three years and it never ceases to amaze me how wave counting becomes so automatic when watching this pair. It has been consolidating...
We should see it continue down towards 1.22 for the long term. 1.255 rejections to be expected.
Keep in mind that at any moment it may change and give a clear change in prediction.
