Almost nothing changed with the euro today. It merely moved up then down again in a tight range, and price still hasn’t reached any confirmation, invalidation or target points.
Again, remember: in times like this, it’s wise to just “stand on the sidelines” until the market action picks up and makes up its mind — and we hope to see clearer indications by the end of the day.
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 as confirmation of the other count.