Month: November 2019

EURUSD – November 26th, 2019

As expected the euro moved toward the downside, passed 1.1014, and came only 3 pips short of reaching our target at 1.1000. We need to see a break above the most recent resistance level before we can treat this decline as a completed wave.

EURUSD – November 24th, 2019

Whereas my expectation was for an immediate upward reversal, the euro instead dropped 50 pips in a fairly aggressive manner. Today I present a modified count which is still largely faithful to the previous most recent count.

EURUSD – November 21st, 2019

The euro just formed what looks like a perfect expanded flat. Once the market confirms this pattern to be complete, we can prepare for a moderate rally.

EURUSD – November 20th, 2019

The euro spent another day locked within a very tight range, leaving our count and expected targets exactly the same.

EURUSD – November 19th, 2019

The euro spent the day doing exactly nothing, as price registered a nearly perfect flat-line, leaving our count and expected targets exactly the same.

EURUSD – November 17th, 2019

With this part of the decline being almost certainly complete, and despite my uncertainty about the finer details of the most recent price movement, it seems about high time that I assign labels to the price action since November 4th.

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