Euro Update

Here's a partial wave count for the Euro focusing on the most recent price action that is suggestive of an ending diagonal (3.3.3.3.3) pattern. If this interpretation is correct, the minimal elliott target would be the beginning of the pattern 1.2975. Furthermore; the time to reach the objective should take roughly 1/3 to 1/2 the time that it took to build. 

Note: As a educational exercise, one would look at other cross pairings to see if they confirm  Euro weakness. If so, this would bolster confidence in this view.

Best of Trading

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