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To: pater tenebrarum who wrote (108259)	6/12/2001 4:48:31 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

Heinz, the volatility in the Euro is quite substantial. Yesterday the Euro dropped 70 points only to recover 112 today. It seems to me that we are forming a bottom for the Euro and the dollar may go back to the 115 to 110 range within 30 to 45 days. Currency Options are quite volatile and one point is around $12.5 but the time decay is around the same amount for a 0.865 July Euro option for example. Short term resistance around 0.855 to 0.865 next stop 0.875. If 0.840 will be broken, then we will see 0.82 BWDIK Haim