EURUSD

EURUSD 11th November, 2013

As the alternate count expected, the euro moved towards the upside throughout Monday’s session, although it’s yet to reach our targets. The developing pattern suggests several possibilities, and our analysis today will focus on the two most likely counts, which have nearly equal probabilities.

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.

EURUSD 8th November, 2013

On Friday’s session the euro made another 100-pip movement towards the downside. This leaves both of our counts intact with nearly equal probabilities, especially since the most recent movement is still unclear.

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.

EURUSD 7th November, 2013

On Thursday’s session the euro moved swiftly towards the downside, exceeding both targets of our alternate count by nearly 100 pips.

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.

EURUSD 6th November, 2013

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

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.

EURUSD 5th November, 2013

As expected the euro spent the day moving towards the downside, and so far it’s still 21 pips away from our target.

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.

EURUSD 4th November, 2013

As expected the euro spent most of the day moving sideways to upwards in what looks like a moderate correction.

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.

EURUSD 1st November, 2013

On the first day of November the euro grew even weaker against the U. S. dollar. Today we’ll review the pattern that has develop and see whether it calls for more weakness or a trend reversal.

Both of our counts expect similar price action during the day, but they differ in their expectations for the rest of the week.

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.

EURUSD 31st October, 2013

On the last day of October the euro experienced remarkable weakness against the U. S. dollar, causing the pair to fall 200 pips, invalidating our main count and leading us to include another possible scenario.

Both of our new counts expect similar price action during the day, but they differ in their expectations for the coming week.

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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