Alan, your averaging downs are close together. They should be further apart. Brexit will mainly affect the British pound.
So far, the euro is making a “higher low”. If the recent low remains above what I have labeled as wave C, then we’d be nearing the end of a wave 2 pullback which is the first pullback of the new uptrend. But, right now, it’s too early to say for certain if that’s 100% the case. So, if the euro bottoms in wave 2 soon and goes into a wave 3, then you’ll see ULE make huge headway.
Three total positions are all I’d suggest. But your averagings should have been wider spread out. From here, you should just be patient. Remember where people doubt their positions: Near the bottoms of waves C and 2.
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