German DAX
DAX is turning up, with from the recent push above the trend line resistance of a wedge pattern suggesting more gains ahead as the rally from the low also has an impulsive personality. However, nothing moves in straight lines so we would not be surprised by a corrective retracement; ideally back into the area of 9000-9300 which can be the ideal zone for a bounce, from a technical as well as psychological point of view.
German DAX, 4H
USDCHF
USDCHF descended five waves down from 1.0255 so that the decline appears to be completed since we also see five sub-waves from 0.9972 in red wave 5). Well, notice that so far the pair already gained nearly 300 pips which looks promising for a more bullish price action ahead. Ideally we will see further upside this week but after wave 2)/B) pullback, which can be now already in progress.
USDCHF, 4H
