EURUSD

Price Action seems to have lost its mojo over night. It is sat right on the daily & weekly FLDs and at the edge of the regression channel. These channels are live and move with the price action, expanding the width as time drags price to the right. It is always a decision on whether to re-anchor the channel at the last low which would mean price is actually out of the channel, but until there is a decisive move, I prefer to keep it re-painting. For now, the wave 4 count feels right with this slow moving PA, but price really needs to get under the daily pivot and those FLDs to get a push downhill moving. Otherwise, the correction continues or something else is happening.