We are clearly in a bear market.
All fundamentals are bearish, however we do have some over extension after a major sell off from areas as high as $1.31 to $1.276.
Hence, a small retracement may be in order before the best possible price shows itself, which is when the bears will enter shorts.
All fundamentals are bearish, however we do have some over extension after a major sell off from areas as high as $1.31 to $1.276.
Hence, a small retracement may be in order before the best possible price shows itself, which is when the bears will enter shorts.