As expected the euro started moving towards the downside. Needless to say, it’s way too early for price to reach our targets from yesterday, but at least it’s a good sign that it’s moving in the expected direction.
Today we’ll probably see a temporary pause in the new downtrend. But unless something drastic happens, we need to remember that the larger trend is still downwards.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.