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Eur/Usd Up to 1.47 While Above 1.4510Top ↑  June 06 Trading during Asian and European hours was relatively slow but still bearish for stocks after poor NFP numbers from Friday. Nikkei lost more than 1% of value, which however did not help to lift the US dollar, which is still trapped in 50-80 pips ranges against the majors at early start of the US session! Dax is currently trading almost unchanged! From a technical perspective we still may see dollar weakness in coming hours/sessions, maybe not against all major currencies out there, but definitely against the Euro, which has been one of the strongest in the past week. From an Elliott Wave perspective, we see incomplete wave 5 leg on Eur/Usd from 1.4306 region. We know that wave five is a motive wave, which means it must be structured by five smaller waves, before trend can be complete. So, will we see a final spike up to 1.47 before a near-term top is formed? Critical region stands at 1.4512! .gif)
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