Many people have asked is the max par for this year on the Euro? Yes. We have technical support at 9706 level for 2015. We have Yearly Bearish Reversals are 11645 and 10365. So the 116 level will remain as reactionary resistance this year and the 10365 level is key support just below the current […]

  The Euro closed the month at 10742 and then there was a huge fight back and forth at 10765 the following day. This is a LONG-TERM signal, not short-term. It is serious for this confirms the broader trend moving forward. However, on the Quarterly level we also elected 10970 and 11983. The first will […]

The Euro closing for March below 10765 being a Double Monthly Bearish Reversal is rather ominous for the long-term. This confirms we will see the Euro collapse to new lows. This may have more to do with just interest rates. The “feeling” in Europe is far more pessimistic than in the USA. I have a […]

  We have a DOUBLE Monthly Bearish Reversal coming into play today for the Euro at 107.65. This seems to confirm we will see a drop to par. This is still placing pressure on the dollar and a rising dollar remains the confirmation of a deflationary trend in motion. Europe can lower the Euro, but […]

COMMENT: Mr. Armstrong; Those in the industry call you the “legend” and indeed you come out and say the Euro will bounce and it immediately moves. You are perhaps far more influential than you let on. S REPLY: Yes I have heard that is my nickname. But the other side of this coin is simply […]

The province of Carinthia in Austria with its multibillion-dollar commitments for the former Hypo Alpe Adria, is presenting the classic problem. Does the state honor its guarantees, or does it simply say sorry, we never really guaranteed that. The state government is looking to default of its debt of €10.2 billion euro guarantees. This is […]

  We have a shot that today may provide a temporary low for the Euro. We do have a Daily Bearish Reversal at 10546. So far the Euro has fallen to 10510. As you cab see, we also have technical support today at the 10549-10543 level.  So a closing back ABOVE 10546 today will raise […]

The Euro has crashed and burned and all the silencing of forecasters has not saved the day for Brussels. Without a MAJOR structural REFORM, the Euro will be dead on arrival. Tomorrow is a key day this week. So we have to pay close attention.   We have technical support at the 105 level followed […]

It is only a matter of time until the Euro collapses sinking into the abyss. The French presidential election could be the straw that starts the disintegration of the Euro. The reason is very clear. The economic abyss with youth unemployment over 60% warns there is the complete failure to create new jobs and overall 20% […]

The boss of the French National Front, Marine Le Pen, wants France’s withdrawal from the euro in the case of an election victory. She says that France would be competitive with the Franc. Her party is now the largest in France. Wait for 2015.75. The other side of that business cycle should turn up the […]