Monday, July 9, 2012

Eur/Usd : Still in a downtrend

Since the last update there was a lot of sideways action, followed by a big move down last week. This sideways action suggets a triangle, which has ended and the downtrend has now continued. A slight adjustment from the previous count was needed, this is because there is an expanded triangle, which was a little less probable but now seems to be the correct count, even if the expansion is large.

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