The USD is coming up vs EUR despite hawkish ECB and dovish FED on Friday, so this can be a temporary contra-trend reaction. Looking at DXY, we are observing two wave counts where both suggests more weakness but after higher prices that can be seen in the near-term. Resistance is at 93.00-93.20.
EURUSD is also seen in a reversal mode that should be made by minimum three waves so be aware of more weakness in the near-term, possibly even to 1.1730.
EUR/USD 4h Elliott Wave analysis chart
