Two perfectly looking setups ahead of FOMC

EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has drawn a 5-3 wave model, at least another five waves should be expected in the direction of the previous five, thus making the whole pattern 5-3-5. So, our idea is to sell the euro against the US dollar and to buy the dollar against the swiss franc. Charts for both pairs are shown below:

eur fomc 20.11.13

chf fomc 20.11.13

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