Euro Update
There has been some publicity around the Short O.I. in the Euro. There is a link on Zero Hedge to some decent charts, however while there is a correlation the lags are SO variable, trading it would be suicide. Additionally, in this extraordinary period, we must be seeing a general increase in FX flows anyway.
There is a potential intermediate term (alternate) count of ABC down for the Euro, as labeled below.
Ought to get interesting soon.

There is a potential intermediate term (alternate) count of ABC down for the Euro, as labeled below.
click to enlarge
The alternate count C has exceeded the A, by about 10%. Not enough to rule it out yet.The .618 retrace of the whole B wave of larger degree up from 1.23 is at 1.3400. Not there yet.
And the so far the move up off the lows looks choppy and corrective..not an impulse wave.

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