Month: August 2015

EURUSD: A Bear-Market Rally

Whether you trade short-, medium-, or even long-term, the euro has been making it very challenging to take a clear position. One week up, one week down, and the result comes down to indecisive, sideways movement.

Last week the euro came 2 pips short of reaching its most recent high at 1.1216. If price strongly rebounds from here, then this will prove to be a critical top for several weeks to come. On the other hand, it’s still possible for price to continue wandering about for another period of time, putting our patience (and diligence) to an even greater test.

GBPUSD: The Probabilities Game!

In the previous analysis, the main count expected upwards movement while the alternate count focused on the downwards probabilities for Cable.

Cable confirmed the alternate count and both targets were reached and exceeded.

This week`s main count expects Cable to continue downwards while the alternate count expects upwards corrective movement before resuming the downtrend.

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