EURUSD

EURUSD 6th August, 2019

As expected the euro moved toward the downside and came only 3 pips short of reaching our first target. It seems that the first two phases of this correction are now complete, and only the last one remains.

EURUSD 2nd August, 2019

As expected the euro moved toward the downside, reached our first target, came only 1 pip short of reaching our second target, and then started to rally slowly but very consistently.

EURUSD 31st July, 2019

As expected the euro moved toward the downside, reached both of our targets, and exceeded the second target by 18 pips. After half a dozen weeks of nearly continuous decline, I think the euro is finally preparing a significant bottom.

EURUSD 29th July, 2019

As expected the euro moved toward the downside and passed our initial confirmation point, but it’s yet to reach either of our targets.

EURUSD 25th July, 2019

As expected the euro moved toward the upside, reached both of our targets, and exceeded the second target only by 2 pips — then immediately dropped 60 pips.

EURUSD 24th July, 2019

The euro suffered a relatively strong continuation of its recent decline, forcing a revision of the low-level hourly count, but remaining quite consistent the larger picture of the daily chart.

EURUSD 22nd July, 2019

Now that the euro has fallen below 1.1192, it’s become much more likely that the sideways correction of the past week or so is now complete and a new round of motive decline has begun.

EURUSD 19th July, 2019

The euro continued its most recent decline for most of the day, but its action remained away from our invalidation point, which leaves our latest count very much the same.

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