If the ECB does nothing, expect a rather large EUR selloff. But I would be stunned if they do nothing.
He is right. There could be a 500+ pip move south. The weekly chart shows this rally as the top of wave C in a greater wave 2. If so then we would see a great wave C decline unfold in 5 waves of one smaller degree. Heres chart Dave I went short at 1.2795 just below the 1.2802 pivot. s/l 1.2825
well My wave count on the weekly scale follows all the rules for this count down to it's sub waves. There are 2 more possibilities always. This is my opinion of the most probible count. Lets see your count. Or tell me where mine doesn't follow a key rule that blows holes in my waves. Dave