You can’t fight city hall but you CAN the central banks!

You can’t fight city hall but you CAN the central banks!

 

Euro Currency Bear Trap forecast by NewWave

Euro Currency 1.12 Bear Trap by NewWaveForecasting.

All Chicagoans know the futility of heading down to city hall to argue about anything as it is rarely worth the effort and expense.

When it comes to taking on the ECB and/or the Fed regarding the Euro I have a different view on reality. I understand why the central banks desperately want a strong dollar to keep the world economies alive but it is a battle they WILL ultimately lose to market forces.

The keys to prevailing against a larger more powerful opponent are no different here than any other venue.  They may be big and have deep pockets but they are fighting the market which is why when it moves up it FLIES!

 

Fortunately for NWF subscribers we had bullish forecasts when the market was below 1.10, below 1.11, and below 1.12!  Notice a theme here???

 

What is funny about this bigger picture is that I have never nor do I now believe the Euro Currency can survive.  Different nations with different social and economic needs along with the different languages-does anybody really think they can keep this up forever?

 

Ron Feinstein

NewWaveForecasting    March 30, 2016

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