The USD is up against the majors today and it looks like the currency could hit a new high against the EUR and CHF today. On the EURUSD we can see a nice reversal down from around 1.3430 that suggests a completed wave (iv) and it is now aiming for lower levels within the current wave (v) that may even reach 1.3300 by the end of the week.
EURUSD 1h Elliott Wave Analysis
USDCHF is also looking bullish, now trying to take out the trendline connected from the highs. A rally from the lows also has an impulsive structure so it should be part of an uptrend, therefore we think that low of wave (iv) is already in place at 0.9030. We will update EPO soon.
USDCHF 1h Elliott Wave Analysis
