The USD remains in a strong bullish trend despite the NFP miss on Friday. The loser of the day at this time is the pound that is falling on the latest polls favoring a Yes vote in the Scottish referendum. We have seen a big gap down in the middle of a black wave 3 that can be counted in five waves, so a rally may follow soon back up to fill the gap.
GBPUSD 1h Elliott Wave Analysis
EURUSD did not go far so we see prices still moving sideways in wave iv) that may test 1.2990-1.3000 area to complete an a-b-c pullback. Sooner or later EURUSD will decline through 1.2900.
EURUSD 1h Elliott Wave AnalysisÂ
