The euro had a largely uneventful day, having traded within a very tight range with no noticeable change in price.
This leaves both of our current counts intact, although neither of the supposed patterns looks very typical at this point. This may be attributed to the very strong recent drop, as patterns tend to show some fluctuations after such strong movements.
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.
P.S.: This post has been updated after publication with modified hourly counts that better represent the recent price action. At this point, both counts have a nearly equal probability.