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Euro Update

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IBEUUS-M 10252013

The Euro has been churning back and forth between the US Chaos and the European mess. The Monthly Bullish Reversal stands at 14700. Technical resistance for a possible January high stands at 145-147 followed by 156 and 178. A year-end closing ABOVE 13490 will signal that we should see a high in January 2014.

IBEUUS-M FOR 10252013

The major system resistance will remain at the 152 level going into 2014. The low for the Euro remains due in 2018 or 2020. We can see that January is lining up with the next US debt ceiling crisis.

IBEUUS-W FOR 10252013