2015-01-31

Euro High or Low?

U.S. Dollar has seen its annual high or low in January in 20 of past 21 years
There is an extremely powerful tendency for the U.S. Dollar Index to experience its annual high or low in January. The same (but opposite) is true for the Eurocurrency.

In fact, in 20 of the past 21 years the EuroFX has topped or bottomed in January. In four of these 20 years the January high or low was part of topping or bottoming phase that was not resolved until February or March. The table and chart below tell the story.

A $1.21 high for 2015, or a $1.10 low for 2015?

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