Month: December 2016

EURUSD: The Euro New Year’s Analysis

The euro had a relatively bullish week that nonetheless ended on a dangerously bearish note — one that may set the tone of the entire year in 2017.

But before we get to that, I’d like to take this opportunity to wish you a fantastic new year. May all of your plans, wishes and goals come true!

My general view for 2017 has been simple and consistent: the wave pattern strongly suggests that the market is about to experience a monstrous decline, as it heads into the center point of a long-term downtrend that should drag price even below parity within a relatively short period of time.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

GBPUSD: Cable`s New Year Analysis

In the previous analysis, the main count expected upwards movement while the alternate count focused on the downwards probabilities for Cable.

Cable confirmed the alternate count and both targets were reached and exceeded.

This week`s main count expects Cable to continue downwards while the alternate count expects upwards corrective movement before resuming the downtrend.

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