EURUSD Is Unfolding A Five-Wave Rise, While S&P 500 Breaches Lower

EURUSD is moving nicely higher, now seen in the fifth wave of an extended third wave, so be aware of a turn back in wave 4, down to 1.1783-1.1750 support area, where I would look or a new turn up into a wave 5 of 1).

EURUSD, 1h

E-mini S&P 500 remains bearish here for equality Fib. target near 2550, which is in view as long as 2579 level is not breached. Rise above it may put this market back into bullish mode.

S&P 500, 1h