As expected the euro moved towards the upside, although it’s yet to reach neither our confirmation point nor our targets.
Our general view is that the euro is now setting the stage for an explosive rally. This change in trend should take place some time this week. We’re also adding another possible count that expects a similar outcome, although it differs from the main count with regards to *when* the uptrend will begin.
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.