The USD is trading lower as investors sold currency on speculation that FED may not hike rates in September. We think that all will depend on NFP data released at the start of next month. Technically speaking we still see the USD in interesting bullish pattern across the board.
On EURUSD we see a nice rally, but it can be wave B) recovery so weakness can follow soon. Ideally we will see lower prices into wave D) towards our 61.8% Fibonacci retracement level.
EURUSD 1h Elliott Wave Analysis
Gold is trading sharply higher, about we warned you yesterday ahead of the FOMC minutes because of three legs down to 1109 that we see it as completed wave four. If that was correct, then price is now in wave five which should make another high before we may look for a bearish turn. Ideally price will rise to 1145.
GOLD 1h Elliott Wave Analysis