The U.S. Dollar has gotten extremely aggressive against the Euro, forcing the pair to drop to the lowest low it has reached in over two years. In light of this apparently-unstoppable trend, we now promote a different count (one that has been requested by many members) for the monthly movement of the euro. The original count is still valid -- however, given the stronger evidence of the new count, and seeing that both counts have the exact same outlook for many months to come, we see no immediate need to include it, so that we can focus our attention on one high-probability count. We're updating our count to reflect the most recent price action and to present tighter targets and invalidation points. Read More

A lot has happened over the past month, and the market is now showing a familiar and clear pattern. Our longer-term view is that the price is doomed for even further declines. However, as we well know, no market movement happens in a straight line. Incidentally, all the current conditions are announcing that the time has come for an upwards correction, one that may last for several months. We're updating our count to reflect the most recent price action and to present tighter targets and invalidation points. Read More

The euro continued moving, even more strongly, towards the downside. It has already broke through the 10-month low it had established in November 2013, and is quickly coming down to test the lower bottom of September 2013. Our previous assumption was that the euro was moving in the first wave within a third-wave extension. But given the length, strength and consistency of its decline, it makes more sense to assume that this third wave is quite mature. We're updating our count to reflect the most recent price action and to present tighter targets and invalidation points. Read More

As expected, the EUR/USD market witnessed another month of very strong decline, where the euro lost over 365 pips of its value. This development confirms and supports our longer-term view for the euro, which we're going to discuss in detail, as usual, in this monthly analysis. In summary, we expect this month to witness slow, sideways-to-upwards movement for the most part. This will be part of a second wave correction, in preparation for an even stronger and more devastating decline in the months to come. We're updating our count to reflect the most recent price action and to present tighter targets and invalidation points. As usual we'll use each count's invalidation point to confirm the other count. Read More