On the first day of November the euro grew even weaker against the U. S. dollar. Today we’ll review the pattern that has develop and see whether it calls for more weakness or a trend reversal.
Both of our counts expect similar price action during the day, but they differ in their expectations for the rest of the week.
We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.