EURUSD
EURUSD rallied up to 1.1300 resistance yesterday from where we have seen a bearish turn, but still not in five waves. Also, the price is trading far away from 1.1177 bearish level so it would be too soon to confirm the end of wave E. So actually we need to wait for more price data before we may look down into a strong bearish trend.
EURUSD, 1H
Crude OIL
Crude oil is trading very nicely to the upside for the last few days, clearly, with an impulsive price action, so even more gains are expected to occur in sessions ahead as we see a current minor turn down from the high as just another fourth wave within the uptrend. However, the pullback can be deeper, down to 45.30/45.50 before uptrend resumes for the fifth wave towards 47 and 48. In the meantime, invalidation level remains at 44,16.
Crude OIL, 1H