Good morning traders!
We have not see so long, complex and boring correction on the EURUSD for a long time. We are still tracking a move from 1.3293 as a double zigzag that could be near completion. But before we can confirm end of a rally we need an impulsive drop in price through the former swing low placed at 1.3486.
USDCHF also seems to be in final stages of a current bearish move. We are tracking an ending diagonal in wave C) that could stop at 0.9060 region. An impulsive reaction up and through 0.9140 would suggest that pattern is complete.
Written by www.ew-forecast.com