We have seen some moves against the USD in the last 24 hours but still nothing significant, so these legs can be part of corrections that are now taking place within a larger USD trend.
On EURUSD we are still looking at the idea of a triangle pattern that we showed you yesterday. For now, resistance for wave (c) at 1.2510 holds very well, but we still would need a decline through the 1.2391 bearish level to confirm a straight move down into wave 5.
EURUSD 1h Elliott Wave Count #1
The second count for EURUSD shows the idea of a zigzag in wave 4 that would come in play only if 1.2510 is taken out. In that case we will keep an eye on 1.2540-1.2580 resistance area, where the pair could look for the  end of recovery.
EURUSD 1h Elliott Wave Count #2
