Based on the latest price action, we assume that the USD could move higher soon, especially against the commodity currencies after a strong recent downturn in AUD/USD and an upwards move in USD/CAD.

However, the big question is still what is going on EURUSD?! Well, an incomplete correction from the March low is still a valid count, but for now we will focus on short-term waves that are pointing to 1.0100, no matter if it is going to be wave (c) or wave (iii). The reason for short-term bullish look is a five wave move up from around 1.0800 on Friday.

Read the rest of the article EUR/USD is bullish in the short term; AUD/USD to fall – Elliott Wave Analysis