The Euro has moved sideways over the last 24 hours which has slightly decreased our confidence in the main hourly wave count from our last analysis.  It is still valid and the most likely wave count we can see.

We do present an alternate hourly wave count for the alternate daily wave count.

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The Euro has moved slightly higher as we expected from our last analysis, but price has fallen short of our upper target by 7 pips.

We provide only one hourly wave count today as we are unable to identify any valid wave count that would see upwards movement without invalidating our main wave count.

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The Euro continued higher as our main and first alternate from yesterday expected and it seems that our first alternate was the correct wave count as the market continued higher when it opened. Price also reached our target for wave c orange, we do however expect more upwards movement to complete the structure.

We have the same main and alternate daily wave counts with two hourly wave counts expecting the same short term direction.

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The main hourly wave count was invalidated as we expected, which increased our confidence in the alternate hourly wave count which is now our preferred count.

We do however present a new alternate that expects to see further downwards movement, it is however less likely.

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The Euro continued lower as the main hourly expected, however we do think that the alternate hourly wave count has a higher probability at this stage as the structures seem to fit better. We will retain the main hourly wave count from yesterday, but only because we expect it to be invalidated rather quickly and therefore increasing the likelihood of the alternate hourly.

The strong upwards movement over the last 8 hours has greatly increased our confidence that wave b orange may be complete.

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The Euro again continued lower as our main and alternate hourly wave counts expected. Price has also reached our minimum downwards target.

The first alternate wave count from our last analysis is not included tonight as it would expect the same direction as the main hourly presented below.

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