On the last day of October the euro experienced remarkable weakness against the U. S. dollar, causing the pair to fall 200 pips, invalidating our main count and leading us to include another possible scenario.
Both of our new counts expect similar price action during the day, but they differ in their expectations for the coming 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.
EURUSD 31st October, 2013Read More »