EURUSD Long-Term Update — July 5th, 2019

Since our last long-term update in October 2017, the EUR/USD market has been moving reliably and precisely as expected.

This new long-term update walks through the recent developments and updates the expected targets of the new movement.

Weekly Main Count
– Invalidation Point: 1.2555
– Confirmation Point: –
– Downwards Target: 0.9024
– Wave number: Primary C
– Wave structure: Motive
– Wave pattern: Impulse

Please click on the charts below to enlarge.

Main Monthly Wave Count

The bigger picture sees that the euro is moving generally toward the downside in a combination labeled teal waves w, x and y.

Teal wave w formed a flat labeled maroon waves A, B and C.

Teal wave x formed a running flat labeled maroon waves A, B and C. It retraced exactly 50% of teal wave w.

Teal wave y is now forming a zigzag labeled maroon waves A, B and C.

Maroon wave A formed a strong impulse of over 3500 pips. It ended in March 2015.

Maroon wave B formed an expanded flat labeled black waves A, B and C. It retraced almost exactly 61.8% of maroon wave A.

Maroon wave C is forming an impulse labeled black waves (1) through (v).

This wave count expects the euro to continue moving toward the downside in maroon wave C.

At 0.9024 maroon wave C would reach 100% the length of maroon wave A.

This wave count would be invalidated by movement above 1.2555 as black wave (2) may not move beyond the start of black wave (1).

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