01.12.16 Forecast Euro COURTESY DIP

by Ron | Jan 13, 2016 | Free Stuff | 0 comments

01.12.16 Forecast Euro COURTESY DIP

COURTESY DIP SCENARIO presented by New Wave Forecasting

“For the first time in a while I believe an opportunity may present in the Euro currency. In this particular case I would like to see the 62% retracement near 1.0820 hold. The 76 is down near 1.0785 which would bring up the potential of a sub 1.08 bear trap. IF this plays out close to my vision the rally should be stronger than the last one.” 7:55 PM (ET) 01.12.16

“I did not adjust this chart in any way. We will see if prices do rocket out of the target zone. I am not sure where the upside tipping point may be but the market should make it clear” 8:50 AM ET 01.13.16

“All I can say is so far so perfect. It would be best for the very bullish scenario if prices at least rally into the EuroZone close.” 9:49 AM ET 01.13.16

“This forecast may be turn out to be nothing short of spectacular. The minimum objective is a visit to the top of the pattern near 1.0915 and that may be enough for today. I kind of think the shorts will be squirming right into the Eurozone close.” 10:36 AM ET 01.13.16

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