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The “fiscal cliff” agreement did not set the course for EUR/USD — here is why.
By Elliott Wave International
First, a word on how we all are conditioned to think that,
“momentum will remain constant unless acted on by an outside
force.” Read this excerpt from Robert Prechter’s May 2004 Elliott
“…’Momentum will remain constant unless acted on by an outside force.’ This mode of thought is deeply embedded in our minds because it has tremendous evolutionary advantages. When Og threw a rock at Ugg back in the cave days, Ugg ducked. He ducked not necessarily because his mind had inherited and/or learned the consequences of the Law of Conservation of Momentum.