Europe headed for recession and a much stronger euro


The euro may have been the forex markets’ whipping boy, but that could be about to change, says John Taylor, chairman and chief executive officer of FX Concepts

The technical and fundamental outlook for the euro suggests a dramatic reversal. The next upmove will probably start off less aggressively than the one in November and December of last year, but it will last a lot longer and take the euro far higher than that previous effort. This time the euro should make it past parity with the US

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