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Good morning traders!

Markets did not move much since yesterday because of the holiday in the US, but we expect volatility to come back soon. Technically the market did not change; we still see room for more USD gains in the near future other  major currencies  , such as EUR, GBP, JPY and CHF, while CAD and AUD could do much better.

On EURUSD we are waiting on a third leg of decline, that can send the price to 1.1772 support this week while the market is below 1.19778, but real invalidation should remain at 1.2069 high. So as long as this price is untouched we expect a weaker EUR.


USDCHF looks very similar; five-wave from the low suggesting an uptrend continuation after the current-a-b-c set-back that seeks a support at the current 0.9550 zone.