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Citi: A pattern is popping up in the euro that suggests it could soar 20%
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 to the CitiFX Technicals team led by Tom Fitzpatrick. The team is paying close attention to where the euro finishes this year. Specifically, they're watching 1.1616, as a close above there would make for an "outside year." That means the euro would end 2017 above the previous year's high after trading below the previous ... (full story)
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