EURUSD

EURUSD 27th November, 2013

After reexamining the euro’s movement over the past few weeks, I believe we have found a better count to explain the highly erratic recent behavior of the euro. And while this count is not ideal, corrective movements in the euro have always been generally complex and untidy. The real test of this count would be the way that the euro behaves next.

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

EURUSD 26th November, 2013

While our main count still hasn’t changed much, the euro’s complex recent movement is leading us to consider an additional possibility.

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

EURUSD 25th November, 2013

As expected the euro started moving towards the downside, although since Mondays are usually slow we’re still away from reaching our projected targets.

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

EURUSD 22nd November, 2013

Yesterday we mentioned the possibility that the short-term upwards correction may still move further towards the upside, which is indeed what happened.

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

EURUSD 21st November, 2013

As expected the euro moved towards the downside to reach our first target and exceed it by less than 2 pips before reversing towards the upside.

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

EURUSD 20th November, 2013

As expected the euro moved towards the downside in a clearly impulsive manner, moving well below our confirmation point. We now have enough price action to calculate more accurate short-term targets.

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

EURUSD 15th November, 2013

On Friday the euro made what seems like a clear impulsive movement towards the upside, which confirms our alternate count and leads us to focus on only one possibility for the new week.

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

EURUSD 14th November, 2013

The euro spent the entire day moving in a sideways, overlapping manner, keeping away from all of our confirmation and invalidation points. This leaves both counts almost exactly as they were, with only a slight modification to their subdivisions.

We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.

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