I continue to be one of the very few people on the planet who clearly see EURUSD at 0.88 as the next meaningful target.
The fundamental reason for this is the coming crash in Treasuries, which will generate a historic run into the Dollar.
The technical reason is the structure in EURJPY. It is entering wave 3 of triangle thrust, targeting 90 or below. Add to this the full alignment of GBP and EURGBP, NZD and EURNZD, CAD and EURCAD: all base pairs are positioned for a large move towards weakness, and their EURxxx counterparts are staging a sharp move down at the same time.
Crude is about to revisit single digits one last time.
The Russian Ruble is about to weaken dramatically: USDRUB=120 guaranteed, 140 realistic, 160 possible.
The fundamental reason for this is the coming crash in Treasuries, which will generate a historic run into the Dollar.
The technical reason is the structure in EURJPY. It is entering wave 3 of triangle thrust, targeting 90 or below. Add to this the full alignment of GBP and EURGBP, NZD and EURNZD, CAD and EURCAD: all base pairs are positioned for a large move towards weakness, and their EURxxx counterparts are staging a sharp move down at the same time.
Crude is about to revisit single digits one last time.
The Russian Ruble is about to weaken dramatically: USDRUB=120 guaranteed, 140 realistic, 160 possible.