Euro In Free-Fall: Deflation Now–Chaos & Collapse Ahead
InvestmentWatch |
The Euro elected the Yearly Bearish Reversal at the 12150 area and it has penetrated the 2010 low so far of 11880 intraday reaching so far 11801. The key support lies at a set of DOUBLE WEEKLY BEARISH REVERSALS found at 11778. If we elect that this year, the Euro will fall most likely BELOW par to the 103 area. We do have Weekly Bearish Reversals at 11850 and 11640. A weekly closing below 11640 will be devastating.
http://armstrongeconomics.com/2015/01/07/the-euro-in-free-fall/
Read more at IWB:
http://investmentwatchblog.com/the-euro-in-free-fall-deflation-now-chaos-and-collapse-ahead/
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The American $ will collapse before any other currency collapse totally! I’d like to see America destroyed and the $US killed.
You live in the U.S. as I recall…….(talk about cutting your nose off to spite your face).