As expected the euro moved towards the downside to reach both of our targets and exceed them by 7 pips, before reversing upwards and retracing 99% of that decline. This leaves both of our previous counts intact, although the main count now has a higher probability
Both counts expect similar price action for the immediate term, but they differ in their expectations for future price action.
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 to confirm the other count.