Browsing: Euro

The easiest way to make money in any market is after a fifth wave extension. While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the correction starts.

The most difficult time to trade any instrument is when it is in a complex 4th wave position. I think the Euro is currently in that position. You might see the currency come down, and just when you think it will continue lower, it could abruptly turn around and race higher

I had looked for Euro to find good offers at 1.3045 levels and recommended a sell at 1.3037 with a stop at 1.3057. The currency did not even pause at either level and reached a high of 1.3294. Every once in a while we will encounter such a situation, and you need to be prepared for it. The lesson here is

Yesterday we looked for Euro to run higher to around 1.2940, and we have come a good distance already. Today we have the FOMC rate decision at 2.15pm NY Time. If you have a good broker, then leave sell orders at 1.2935 with a stop at 1.2950. (There is a minor resistance at

It looks like short-covering is a bit overdue in EUR/USD. Any fast break above the triple top at 1.2585 should easily take us to the mid 1.27s. But the fun will start up there. Stops will really kick in if the Euro breaks above 1.2750 by more than a few points.

We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been…

We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick…

Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met.…

Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met.…