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To: pater tenebrarum who wrote (109946)6/22/2001 5:42:21 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
IMHO if the Euro will start trending up it will also indicate a higher low. From inception at 1.23, the 38% retracement is in the 0.96 to 0.98 area closing above that will lead to Euro USD parity or 50% retracement. IMHO first stop would be around 0.875 and there I sold my July options.

See the weekly chart.

It may happen next year BWDIK

Haim