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Old 10-29-2007, 02:57 PM
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Re: Eur/usd

Not much has happened today in the way of new setup. Overnight the euro popped up briefly to 1.4437, just shy of 1.4450 that I mentioned on Friday before trickling back down to 1.4376 where it found support. I would still hold the longs from below since volatility increases at new highs/lows. At the same time, I’m looking for a new short entry during the next trading sessions when trading activity increases. My initial target Value Levels to short are: 1.4450-1.4500. I’ll revise the numbers if this changes during the next trading sessions.

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