USD moved sharply lower yesterday, mostly against all of the majors including the JPY despite higher stock market in the second part of the US session. The only pair where USD is still looking bullish at the moment is AUD/USD. We have seen a sharp reversal lower on that pair during Asian session which is now looking impulsive, attacking 0.9433 low after only three wave rally up to 0.9672
EUR/USD and GBP/USD are the most interesting to us at the moment. We can see both pairs in sharp uptrend since yesterday and we can see some nice wave structure that signals for more gains in sessions ahead. On both pairs we see wave four in progress that may bottom in the near-term. Support for the EUR/USD comes in around 1.3200 and support for GBP/USD could be seen around 1.5450.
EUR/USD: 30 min." title="EURUSD" width="600" height="594">
GBP/USD: 1h" title="GBPUSD" width="600" height="594">