- November 5, 2008
- Posted by: Ramki Ramakrishnan
- Category: Euro
The most difficult time to trade any instrument is when it is in a complex 4th wave position. I think the Euro is currently in that position. You might see the currency come down, and just when you think it will continue lower, it could abruptly turn around and race higher. Again, when it is near the top of that rally, many pundits will call for it to go higher still, and hey presto! we could see it dumped all of a sudden. Take a look at the chart and stay away from the Euro for the time being.