Posted Dec 13, 2013 by Martin Armstrong
The Euro has simply remained within the reversals holding the 12950 level on the downside and 14700 on the upside. A closing for year-end above 13588 will signal that we still should see the deflationary rally continue into early 2014. The ideal turning point remains 2014 with Panic Cycles coming in 2016.
Here is the previous September Array and we can see the choppy period remains into January. Our original view that the euro would most likely make a high in January remains intact, yet there is no real change in trend from a buy or sell signal perspective, just sideways churning for the last 5 months of 2013. We also have a big turning point come May and that is where we have the EU elections.