Elliott Wave Forecast For EURUSD and USDCHF

The market has been very slow for the last few sessions, so we suspect that pairs are trapped in corrective price action that will send USD lower in the near-term, particularly against the EUR, GBP and CHF, while commodity currencies such as AUD and CAD could stay under pressure or maybe sideways while metals, oil and other commodities are weakening.
Our focus is still on EURUSD where we see a three wave move from the top which we think its corrective wave (iv) that already tested 38.2% retracement area so uptrend could resume soon up in wave v).

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