I’m getting ready for a break-out in the euro

John C Burford went bullish on the euro in January. And his target's now been reached. So what should traders do now?

Today, I'll show you how my tramlines are pointing to a break-out in the euro. The question is, which way: up or down? Let's take a look

When I last covered the EUR/USD on 27 January the market had a nice-looking Elliott five-wave pattern to the rally off the 16 January low.

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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.