Menu Close

Euro Crash Chart and Price Target

The euro, meanwhile, is crashing. It has broken a short term cycle projection of 108.60. As of this morning it has broken trend support at the same EUR/USD level.

tvc_44c4ed875bdc8ca2c2440178b79459bc.png

If that’s not reversed within the next half day or so, this could get much worse. 108.60 is also the level of a 21 year support trendline in March. If the euro ends the month below this, then the conventional measured move target of 86 derived from the massive top breakdown would be doable.

In the meantime, the next major support level below this is 1.037.

tvc_212e06d51d42f031ab3bae4e68891985.png

March 1 – Gold Consolidates, More Upside Ahead.

Subscriber update tomorrow.

Originally posted at Capitalstool, the Stool Pigeons Wire

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share