I correctly predicted the euro would turn up at $1.11

Elliott wave theory has once again proved why it's an invaluable tool when it comes to trading the euro, says John C Burford.

It has been two weeks since Mario Draghi announced the European Central Bank (ECB) would start printing oodles of euros.

Conventional wisdom says this announcement should make the euro fall in value (the more euros Draghi prints, the less each individual euro is worth).

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.