Next two weeks remain the cyclical target for a turning point. After making a new intraday low at 12744, the Euro is a bit over done and should rally back to retest the Monthly resistance at the 12975-13030 followed by 13106. We need to see a daily closing above 12977 to stabilize the Euro for […]

There is no doubt rising separatist movements in virtually every country. However, the politicians are threatening members who think about leaving. So the ship is sinking and some faint distant hope may still glimmer in the distance that the people will make their voice heard in Europe and bring about change. At least the governments there are […]

Reports both from Europe and United States indicate that capital is starting to flee from Southern Europe which prompted the statements by politicians that Cyprus will not become the standard model, which of course it is. The European banks are closed today. Resistance for any knee-jerk reaction will begin at the Monthly Bearish Reversal that […]

When the Euro was forming, some used the Ecu as the guide, we created the Euro back in time to provide a clearer picture. When we did, the high was different and that projected a low for 2000/2001 instead of 2002, with a rally thereafter into 2007. With the advantage of time, we can see […]

The fact that the German Finance Minister Wolfgang Schaeuble has come out stating that savings accounts within the Eurozone are “safe” claiming  that Cyprus was a “special case” and not a template for future rescues, proves that in fact the Eurozone deposits are ABSOLUTELY NOT SAFE! You never state a negative unless there is reason to do […]

The closing for the Euro on spot at 128.20 on Friday was a serious break of support. The primary bank of support now lies at the 12100 area. This week proved to be a minor Panic Cycle taking out both the previous high and low. The turning points ahead are next week and the week […]

The Euro closed at 12817 on the spot today. A close below 12824 will be a sell signal tomorrow. We have a Monthly Bearish at 12972 which if elected tomorrow will cause 13000 level to become important resistance for April. We have support at the 12625 area but after that we really have air until […]

The intraday Bullish Reversals on the spot Euro on a 15 minute stands at 128.55. The Weekly Bearish on the spot is 128.24. The last trade is 128.22.

The Euro has rebounded but only to retest the Weekly Bearish Reversal. The European Commission fails to understand that they have driven a stake through the heart of the Euro. It will NEVER be a reserve currency without a single debt. This crazy refusal to simply design a normal monetary system will be Europe’s undoing. […]

EMU Building the Foundation for the Next Great European Economic Disaster Copyright July 1996                                                       By: Martin A. Armstrong There is a huge debate fermenting over the future of Europe. In […]