March Eurocurrency has formed a bearish A-B-C continuation pattern after posted a sing pattern failure on the December 14th reversal date. This type of pattern typically precedes a significant price move in the prevailing trend direction. The zig zag pattern can also identify the center of the longer-term cycle. If this is confirmed, the euro is due for a new downward price swing that could take us into the new year. I will have a new recommendation in the TMV Swing Trading report.
