300 Minutes Bars

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Prepared by Jamie Saettele, CMT

The EURUSD continues to trade sideways and probably frustrate many. The above count remains my best guess at this point. The implications are for a drop into 13950 - probably by Monday, which is when the channel line and 100% extension intersect. To review - "The decline from the May high is still left as a 3 wave decline...a drop under 14054 may complete a correction from 14535. Watch the short term channel for support. A drop below there would warn of a breakdown below 13836."