The Euro Year-End Closing Below 116.40

Euro Bank Notes

A simple year-end closing below 116.40 in the euro confirms that a broader correction is in motion; the earliest potential low is in 2018 with the potential to extend into 2021. A closing ABOVE 105.03 will suggest a brief pause, and 103.00 will be absolutely critical to support next year. Major overhead resistance will be extremely strong between 123-128 zone.