The USD Index is turning down with a new leg, so the adjusted wave count suggests that prices will retest to the 78.6% Fibo level which comes in around 94.00. Currently, the USD Index trades near 95.40 which means there is room for more USD weakness in the sessions ahead.
If that is correct, then EURUSD will stay strong. In fact, we see an impulsive rise underway back to 1.1400 after a completed three wave set-back near 1.1050. Current minor retracement is wave (iv) that may look for a bottom near 1.1240.
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