Volgens hem heeft de ECB achter de schermen gevraagd aan de banken om te stoppen met speculeren tegen de euro.Weekly Bullish Reversals begin at 11450 and 11535. A weekly closing above this area should spark a rally back to retest the more important resistance forming in the 12000 followed by the 12500-12600 area. We also have technical resistance in the 11800 area during May. Those looking to convert from Euros to dollars should wait for just now since we have completed a 10 month correction holding the primary support at the 10300 level. Yes, the Euro will most likely break the 80 level. However, that is unlikely to unfold until AFTER 2015.75 moving into the 2017 time period. This type of a reaction should shift the general view of the Euro back to a positive position briefly.
We still see June is where higher volatility should start and keep in mind that the main turning point in still the September time period lining up with the ECM (9/20-10/1). We could see August as a reaction high on a closing basis.
http://armstrongeconomics.com/archives/30139
