The euro/U.S. dollar (EUR/USD) currency pair is on the lows, without any solid pullback in the last few days, but we still think it will show up in the near-term. An updated count shows a five wave decline that can be ready for a turn. Watch out for an upward channel line; break above it may finally put bullish a-b-c run back to 1.0766.
The U.S. dollar/Canadian dollar (USD/CAD) currency pair can also be interesting for weakness if we consider that oil is turning bullish very significantly which is positive for CAD. On the hourly chart, we are looking at A-B-C recovery that can see more upside in Wave C towards 1.3430-1.3470 resistance before pair drops to a new low.