Month: August 2016

EURUSD: Early Days in a Bearish Couple of Months

As expected the euro moved towards the downside, printing a decline of nearly 200 pips, and passing the primary confirmation point by over 50 pips.

Neither target has been reached just yet, but they weren’t actually expected to be reached this soon anyway. If the main count is indeed correct, then this is only a very early phase in what will be several months of decline.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

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