EURUSD

EURUSD 16th January, 2014

As expected the euro moved towards the upside to reach our first target and come within 4 pips of reaching our second target. Our two previous counts are so far still valid and have nearly equal probabilities, and we expect today to clarify which one of them is actually correct.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 15th January, 2014

As expected the euro moved towards the downside and came midway between our two specified targets. The movement looks quite impulsive, and this gives us two new possibilities for the day. Both possibilities expect upwards movement, but they differ in the extent of the expected rally.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 14th January, 2014

After moving sideways for most of the day, the euro moved as expected under the alternate count towards the downside to reach our first target. And given the new price data we have, we’re making a few changes to our counts.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 13th January, 2014

As expected under the first alternate count, the euro moved towards the downside to reach both of our targets and exceed them by 6 pips before reversing towards the upside.

And yet, while the targets were reached, the internal structure and time relationships of the latest movement suggest that a different labeling may be more appropriate.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 10th January, 2014

As expected the euro moved towards the upside to reach our first target and exceed it by 8 pips.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 9th January, 2014

The euro began the day by moving towards the upside as expected. However, it failed to reach our confirmation point and moved down to barely make a new low, before reversing upwards again and retracing most of this downwards movement.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 8th January, 2014

As expected the euro moved towards the downside to reach our first target and come within 9 pips of the second target. We can now discern a 5-wave downwards impulse, so an upwards correction should be imminent.

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

EURUSD 7th January, 2014

Very little has changed with the euro throughout Tuesday. As expected the euro moved towards the upside to confirm our main count, but it came within 16 pips of reaching our target. The current fourth wave has come well into the area of the previous fourth wave of one-lower degree, which is the typical level for reversal, but it may still move higher.

We’re updating our counts 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 as confirmation of the other count.

EURUSD 4th January, 2014

As expected the euro moved towards the upside to reach our first target and come within 19 pips of reaching our second target. The current fourth wave has come well into the area of the previous fourth wave of one-lower degree, which is the typical level for reversal, but it may still move higher.

We’re updating our counts 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 as confirmation of the other count.

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