NFP numbers on Friday were solid, around expectations so traders could be buying USD this week. We have also seen nicely move up on stocks, which have positive correlation with USD for the last couple of months. So if stocks will continue to rise than EUR will continue downwards against the buck. 
On DAX price rallied very sharply and finished the week at the high so we suspect that new impulsive leg up has started. We are looking at wave four pullback now that can be looking for a support at 11600-11650 area.

GERMAN DAX (JUNE 2015) 15min
dax

 On EURUSD we have seen nice turn down last week, but not in five waves yet, but we see potentially leading diagonal forming in wave 1/A. If pattern will prove correct then wave 2/B could be interesting in sessions ahead.

 EURUSD 1h
eur

DAX vs EURUSD

dax

Written by www.ew-forecast.com

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