EURUSD

EURUSD is turning up ahead of the US cash market so looks like that US currency could be weak during US session today. We see wave b triangle near completion, but still need that push above 1.1425 that would open door for 1.1500 projected level for wave c-circled.

EURUSD, 1H

EURGBP

EURGBP made sharp leg down earlier based on strong bounce on cable. However, weak EUR may stop here based on 38.2% Fibonacci retracement where pair can be looking for a base of a red wave 4). We expect red wave 5) to unfold this week, that may rise above to 0.8150, while 0.7948 invalidation level is not broken.

EURGBP, 4H