'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 
How can we go form such a dramatic move, almost historic in fact to now just moving in a narrow range, trading only a fraction of the amount of just a few days ago.
In Elliott Wave terms (and I love the way Elliott theory helps identify trader sentiment) this is a characteristic of a wave 4 which is where we appear to be in the current pattern. You see traders are now cautious and are taking some profits. Wave 4’s don’t usually move a lot and seem to be purposed mostly for burning time. In fact this is the most common place to see a ‘Triangle’ form. As the ‘Triangle’ develops the anxiety finally builds and pushed the price out the end usually in what is known as a terminal thrust Wave 5.
Note that wave 5 is often known as the fools wave as those who are trading it as a continuation are jumping on a bandwagon that has gone far enough and is usually about to change direction with a blow-off top/bottom.
So be patient and wait for a sign that a least a temporary bottom is place before making any new trading decisions
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Mr.charlebois hi,again i want to know yr view about the euro/$ after last low today of 1.4698-1.47, pls adv. awaiting for yr reply regards