EUR/USD - Overall I'm still looking for a more complex correction in red wave 4 from 1.2040. We might have seen and X-wave from the 1.2443 high, but it might also just be part of the X-wave. We are likely in the most difficult part of the correction, where the "visibility" is low, but until proven wrong I will work with the view, that the X-wave from 1.2443 ended at 1.2260 and we are now headed for new highs. I still have my first target near 1.2550.
NZD/USD - Here I'm looking for a minor corrective rally back towards 0.8160 before the next decline towards 0.7934 and likely even 0.7845 sets in.
EUR/JPY - Should soon take off higher in red wave iii towards 100.24 and likely even higher towards 101.50. A break above 97.28 confirms that red wave iii is under way. However as long as minor resistance at 97.28 protects the upside we could see on last attack on support near 96.00
EUR/NZD - The question here is whether we are looking at an expanded flat correction as red wave ii, as shown on the chart above, or we have seen a series of wave one's and two's and are now ready to take of wave three? A break above 1.5200 will indicate, that the next part of the rally from 1.4968 is under way towards 1.5445 as the next upside target.
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