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.