Dollar is lower this morning with EURUSD retesting 1.1195/1.1200 area when USDJPY and USDCHF came down to 111.30 and 1.0180. But when looking at the price action across these three pairs I see possible corrective activity. EURUSD has three legs up so far into some important Fib. resistance from where new intraday sell-off may occur. However, channel support and 1.1140 has to be broken before weakness may resume.
EURUSD, 1h
USDCHF can be forming a flat correction; now wave c in play for 1.0140/60 area where bulls may step in for a rise into a fifth wave.
USDCHF, 1h
