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The Euro thread (for currency traders)

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kvu - Thu, 30 Dec 04 :

I am looking to buy some puts on the eur over the next week. I know a lot of people are getting excited now with a tripple top formation, but the top looks more like a 4th Wave traingle as there was a sharp wave 2 correction back in November, hence I would expect a top more around the 1.38-40 level. I would expect the 1.3640 level to break on quite conclusive volume with the volume dying off there after and a further higher high on a smaller degree within say a 30min pattern. Be careful with early EUR shorts.


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