As the volatility and panic cycles is about to kick in next week, a rapid decline in euro is possibly at our doorstep. Market expectations is that eur/usd will reach 0.80 cents at the year of 2020. All short positions are to be hold as there is no chance in hell that the euro can compete with the dollar.
"The euro continues its fall and the likelihood of reaching 116 is starting to dwindle. Even the British Telegraph has come out and stated that the bail-in plan for government bonds in Europe risks destroying the entire euro system. We have to understand that those in power are clueless. All they do is try to defend their prior decisions by insisting they are correct and the world is wrong. When we look at the volatility and panic cycles starting next week, it appears the crisis may emerge in Europe." - Martin Armstrong. Source: armstrongeconomics.com