A double zig-zag can be in progress on the USD Index down from the 96.98 level. We specifically see sub-wave c) of y in play, which can look for support and a bullish reversal near the 95.90/95.70 region.

USD Index, 1-hour

The German Dax is nicely reversing from the lows, now unfolding either wave iii or c, that can target area near the 12460 level. There a new possible resistance and reversal can  follow, if wave c is in play rather than three. A reversal in impulsive fashion and below the 12130 area will suggest more weakness, while a break above the 12700 level will confirm more gains.

German Dax, 1-hour