January 17, 2013 at 08:00 AM EST
Euro Update: Yesterday's Call Blown, Targets Postponed or Negated
I was going to take today off but I felt obligated to update euro.  In yesterday's update I discussed the fact that euro appeared ready for a deeper correction; however the wave I was anticipating fell well short of my expectations and euro found strong support right where it needed to.  It's now formed an incredibly symmetrical reversal pattern and is almost certainly headed to retest or (more likely) best the previous high. In real-time this pattern became apparent as it unfolded but that doesn't do readers any good and I apologize for blowing this one. Note the bear ...
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