USD is on a bearish run to start 2017, which is not a surprise as we identified a three wave bounce on EUR/USD in last few days of December after that spike up to 1.0650. It was end of wave 4) pullback which puts bearish impulse in progress now. We see impulse unfolding on intraday chart, currently in final stages of an extended wave 3 so be aware of a wave 4 bounce in the next session or two, possibly away from 1.0370 short-term support.
EUR/USD, 30Min
