EUO (Euro double short). ULE (Euro double long).
In this huge consolidation pattern I see 2 scenarios:
1) The Euro could bounce on the support line. You buy ULE. Once the Euro reaches the resistance line you sell ULE and buy EUO.
2) The Euro does not bounce on the support line and continues lower. You buy EUO or hold EUO that you already have!
I made a post on EUO on dec 16th, I hope it helped ;) :
http://etfstocks.typepad.com/markets/2008/12/euo-the-euro-killer-.html
Here is the chart withe the 2 scenarios. I expect scenario 2 to be the most likely !!
