Month: April 2017

EURUSD: One More Climb Before the Fall

The Euro started the new year by attempting to recover some of the 1,000 pips it had lost in the previous two months. And yet, after four weeks of persistence and perseverance, it has managed to recover only a little less than 50% of its losses over that period.

Not only has this rally been weak and choppy, it’s not even carried very well by momentum, which seems to be steadily waning. None of that is a particularly good sign for the Euro.

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

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