Just monitoring price at the moment to see if this is going to reject off support to also support my other trade ideas or are we going to push lower. Pick bottoms or tops is hard so sometimes its best to just wait for confirmation off some candle stick reversal patterns.
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
