As expected the euro has been moving sideways within the 60-range of the immediately preceding decline. The current advance seems much more corrective than even the aforementioned decline, which supports our most recent count further.
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GBPUSD 10th June, 2019
The post above the main hourly count’s confirmation point is in line with the bullish outlook. We still want to see further impulsive advance to favor the bullish stance. We should keep in mind that the alternate hourly count does not provide the best fit. [View Wave Counts & Charts…]
EURUSD 10th June, 2019
The most recent analysis expected an immediate corrective decline, but the market instead scored a 40-pip higher high.
Fundamentally, however, this changes nothing at all about our main count, other than the targets of the expected decline and a few minor modifications to the labels.
EURUSD 6th June, 2019
The euro’s movement, partly expected and partly erratic, is progressing more or less in line with our main count.
GBPUSD 5th June, 2019
Cable continued to inch up, supporting the bullish outlook. We will continue to look for higher highs as long as the main count’s invalidation point remains intact. [View Wave Counts & Charts…]
EURUSD 4th June, 2019
As expected the euro moved toward the upside and then reached and exceeded our confirmation point. However, before reaching our first target, it remained range-bound for most of the day.
At this point in time, there’s nothing to suggest that the rally is complete, and so it makes sense to assume its continuation.
GBPUSD 3rd June, 2019
Cable inched up in line with the idea that a bottom has been registered. We still want to see a push above the main hourly count’s confirmation point to gain confidence in the bullish case.
[View Wave Counts & Charts…]
EURUSD 3rd June, 2019
As expected the euro moved toward the upside, reached and exceeded our first target, and has progressed very well on its way toward our second target.
EURUSD 31st May, 2019
As expected the euro moved toward the upside, and so far it’s managed to break well above our initial confirmation point.
GBPUSD 30th May, 2019
Cable followed the alternate scenario and the cited target was reached and exceeded. Whether a bottom is in place, remains to be seen.
[View Wave Counts & Charts…]
