 | |  | | The cycle gurus gave us a peek behind the curtain on their current thoughts on EUR as once again their weekly missive will focus elsewhere. They informed their clients last night that EUR/USD should hold above 1.2610 today and they see the next few days as a rebound cycle, initial resistance 1.2755 which is seen as key. If it breaks they reckon we could test 1.2900 ish. They are hoping for such a bounce to sell into cautioning "The cycles strongly argue that the single currency has begun a downtrend lasting a minimum of several months so our strategy is to use any strength seen to sell for the next leg of the downtrend." They note that if we break above 1.2755 it increases the risk of a Euro rally until Labor Day, but feel that the likelihood is that it will crest sooner, either this Friday or next Monday.
Their targets are "1.2485 area at a minimum around the middle of next week and can possibly fall to as low as 1.2330." They remain bearish overall and concur with us that a return to 1.1875/1.1900 is the primary objective for the next big down move. Our black box contacts feel that given their augurs it is likely to run sooner and faster than the market is prepared for and see 1.2000 coming up quickly. The gurus noted finally "The longer-term cycles call for this overall weakness to persist into early next year and it is likely to approach parity. "
Our stuff tells us that the 11-wk M/A at 1.2750 has ceded and that we should be heading lower as the average weekly cycle for much of the last 20 years was 11 weeks, a long cycle was 13-weeks and as that is a Fibo number we track that too, that comes in at 1.2639 and looks set to bounce as the gurus predict. They caution us that the average cycle length has been moving out over recent years so the 11-wk cycle may not be quite as effective. This is what makes cycle analysis soooo difficult and vexing for us laymen. It appears that we need a weekly close below the 13-wk M/A to confirm the downtrend is in full swing. Spot last 1.2650.
呵呵,EUR 如果under 2750. 很快1.20,,,甚至1.0  |  |  |  |  |
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