On the FX floor we are tracking USD/CHF very closely and considering a coming three wave set-back in the near-term as the rally from around 0.8970 can be counted in five waves. We are considering to close USDCHF longs.
USDCHF 1h Elliott Wave Analysis
The EURUSD has some room left on our Fibonacci levels, placed around 1.3420 but because the price is already in the fifth wave here we need to be aware of a bounce. Keep an eye on 1.3511 price; an overlap will signal for a bigger three wave rally.
EURUSD 1h Elliott Wave Analysis
