The EUR/USD continues to consolidate around the 1.0770 level. A breakout to the upside could set up a corrective link to 1.0800. A break to the downside could open the potential for a bearish wave to 1.0705. If this level is also breached, the trend could continue to 1.0600. This is the first target.
The GBP/USD continues to form a consolidation range around the 1.2555 level. A rise to 1.2595 is not out of the question, followed by a fall to 1.2470. This is the first target. If it is reached, a corrective link to 1.2595 could follow (a test from below).
The USD/CHF cross has corrected to 0.8767. A consolidation range is expected to form around this level today. A breakout to the downside could extend the correction to 0.8727. An escape to the upside could extend the wave to 0.8825, from where the trend could continue to 0.8880. This is the first target.