German DAX
DAX is rising today following a bounce on the US stock market yesterday. S&P500 closed above 2000 after reaching a low of 1082 during the US session. It looks like stocks can be turning back to bullish mode, but we still need some more evidences to confirm higher prices. On DAX, we see a possible ending diagonal in wave C); ideally, it is finished, but a break out of the downward channel and overall with 10452 is needed for bulls.
EURUSD
If DAX will go up, then EURUSD should fall, so be aware of a limited upside on the FX pair. We are looking at ending diagonal within wave C), which is a reversal pattern, so I am wondering if EURUSD will fall tomorrow on FED rate decision.
EURUSD, 1H