Well folks, it looks as though the spike higher we saw last Friday in DXC and the moves lower in the likes of EUR/USD were not complete. You may recall that the moves we saw on Friday took place as a break-out from a 4th wave triangle. Breakouts from triangles always suggest the end of the move is near and it was reasonable to assume that was the case on Friday. However, based on last nights price action, it looks as though there is still more upside in DXC and downside in EUR/USD.

Take a look at the charts below to get some perspective on where prices are heading.

Click on image to enlarge!

Click on image to enlarge!

With this in mind, I think there is one more opportunity for short positions in EUR/USD and any rallies we see today may well offer a solid short entry. Stay tuned.

For more from Dave, visit Aspen Trading for more updates.