EUR/USD - Once the small ongoing correction from 1.2871 is finished we should see the last push higher to end the correction from 1.2042. The ideal target for this last rally is in the 1.2872 - 1.2882 area, but even if we make it to 1.2915 it doesn't alter the bearish count. Only a break above 1.3004 will alter the bearish count and call for a more bullish count.
That said I will keep my bearish count until proven wrong. A break below 1.2754 will ease the upside pressure and be the first indication that a top is in place.
Dow Jones Industrial Index - Made a new high for the rally since the March 2009 low at 6,470.11 and tells us, that wave B of the expanded flat wave
B Needs a little more upside towards 13,493 and maybe even 13,834 to finish, but once the top is in place we should see a powerful decline in wave C down to below 10,404.44.
A break below 13,259.31 will be the first indication that a top is in place, but we need a break below 12,977.09 to confirm the top.
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