Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on chart twice to enlarge.

Here is a quick update of the EUR/USD pair. It shows both the main count, which is very close to invalidation, and the alternate, the “expanded flat for wave 2 pink” scenario, which, if price moves above 1.42864, will become the main count (again . . geez!). The initial target zone for that alternate count remains the same: 1) the extreme of wave 4 of one lesser degree: 1.44229, 2) the .382 fib: 1.44350, & 3) just above the .382 fibonacci, where the old trend line resides that connects the extremes of wave 2 & 4 pink within the final blue wave 5 up that ended at 1.49398.

Sid
http://elliottwavepre.wpengine.com