EUR vs USD October 10, 2026

I like the FX market – it’s where I cut my teeth.

We have a nice counter trend BUY of the EURO and then it sets up for a REALLY good short.

From the longer term weekly:

We have multiple overlapping ratio’s w/ a weekly 3 drives to a bottom and the largest measured move correction (dashed red arrows) all w/in a 100 pips. This SHOULD be BIG SUPPORT for the EUR vs USD.

When we move down to lower time frame the picture becomes clearer:

Bottom line is certainly looks like we have finished a 4th wave triangle and will go lower into the ‘blue box’ over the next week or so and then we ‘should’ be a big support ….I tried my best to show a count and, w/in the wave 3 subdivisions I used the ‘pencil’ tool to show the count … purple, correct black, 5 wave subdivision of the 3rd wave (dashed purple) correct black and then the same purple move down into the wave 3 low .. perfect a-b-c-d-e triangle and last wave down in to finished the first wave down of the 3rd wave. We are going to really want to short this upcoming Euro rally as it will represent the 3rd of a 3rd (if my darn count is right) and it “should’ be rather violent and, if we get it correct, profitable.

EUR vs USD – one more leg down for the Euro, “blue zone” support for the rally, then a SHORT to capture a 3rd of a 3rd wave down and lower but, trust me, you going to want to be part of a 3rd of a 3rd wave and not stuck inside.

Bart