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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (1948)	7/8/1999 11:07:00 AM
From: Henry Volquardsen	Read Replies (2) of 3536

I've heard those rumours for a couple of days. Personally I see no reason for the medium term weakening trade to maintain. The Euro is getting cheap but will need a catalyst to reverse. That said, par will provide significant psychological support. A short term bounce would not be out of the order. But I wouldn't stay at the dance to long. (English translation: no problem buying Euros but keep a tight stop loss and a tight trailing stop behind any profits)

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