July 25, 2012

euro currency futures market is trading bullishly

8:45am EST

The
euro currency futures market is trading bullishly off the lows from earlier
this week,
above
the PHOD so the charts tell us to buy pullbacks and get long!  The dollar index correlation also confirms
that buying with our wave-pattern will be the high-percentage trades today.  Our plan for trading the euro this morning
will be to use the dollar index correlation to be our biggest clue.  If the dollar index is moving lower to new lower-lows
we will buy with a wave pattern on the euro. 
If the dollar index stalls at support as it falls, and then reverses off
that support we will then assume there will be a reversal on the euro.

    schooloftrade

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