EURUSD long-term perspective

EURUSD has been very stubborn in its attempt to hit the 61.8% Fibonacci level twice. It looks like this effort is going to be successful, because wave “c” of Y of (X) needs to be completed. In other words, figures around 1.39-1.40 should be reached, maybe during the first couple of weeks in 2014. After that, we will be preparing to go short on this pair.

If this is the correct count, 2014 may be a very bad year for the euro, with 1.10 being the long-term target for wave (Y) down.