FXCPS

Forex Chart Pattern Signals

Tuesday, July 25, 2006

Euro Wave Counts

Currently it seems the Euro has two possible wave counts. Although my previous post stated we may bounce, it seems today has changed that and although no definite wave count can be identified right now, the bias is for shorts rather than long.
Tomorrow may provide us with a clearer picture but for swing and position trades nothing has changed....the trend is still down.

Bounce Up

Due to technical difficulties I am unable to post a chart. Currently I am flat and have no trade on the Euro. We may get a bounce up before we continue our downtrend.