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EURUSD

So far EURUSD is turning nicely down, but for now only with three waves that can either be a new bearish impulse or a correction, but in both cases there is room for a decline to 1.1280.

EURUSD, 1H

EURUSD 1..

USD Index

USD index is ticking higher so we see more and more evidence of a completed ending diagonal pattern, thus a low in place that can lift the price back to 95.00 area. Keep in mind that when a diagonal is finished the price will try to retrace back to the starting point of the pattern!

USD Index, 1h

index 1