EURUSD
The intraday chart of EURUSD is trading quite nicely, showing us a five wave move to the upside is being made and suggesting that, maybe, a three-wave contra trend reaction could follow. Well, as we see on the chart, this five wave move to the upside is contained within an Elliott wave channel line, which usually suggests where a top could be found. A breach beneath the lower channel line would indicate a completed impulse and a correction to follow, ideally to the area of a former wave iv- 10703 level.
EURUSD, 1H
SILVER
On the hourly chart of Silver, we are looking at an intraday fall that is taking place, from around the top of wave C) of B. A break beneath the 17.14 level would indicate a completed three wave A)-B)-C) correction and more downside to follow.
SILVER, 1H