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CITI: A pattern is popping up in the euro that suggests it could soar 20%





Mario Draghi

  • The euro is on track to post its biggest annual gain since 2003.
  • An “outside year” could occur for just the third time since floating exchange rates began in the 1970s.
  • The CitiFX Technicals team says the euro could hit 1.30 against the dollar in 2018 if that occurs.

The euro is poised to end its three-year losing streak in 2017, with a gain of 10.88% against the dollar so far, according to Markets Insider data. While that would account for the single currency’s biggest annual gain since 2003, it could just be the beginning of a big move higher, according read more >>>

Source:: BusinessInsider.Com

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