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Old 10-29-2007, 02:56 PM
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Re: Eur/usd

The quick post feature has been freezing up on me and I just noticed my message from Friday wasn't posted. Here it is.

10-26-07
The euro has been stagnant into the close as traders take off for the weekend. The cable had a similar setup as the euro and fell off about 100 pips. I am still expecting a correction on the euro so keep looking to sell into this rally. Especially, if it shoots up to 1.4450. Don’t get suckered into that move and get caught buying a top. Wait for a correction to get positioned. Have a great weekend!

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