- In addition to new short EUR/GBP position at 0.8716, have also started to re-establish short EUR/USD as news flow (eg Greece 24 bn Austerity Package) has taken prices to improved levels.
- Sold EUR/USD at 1.3244 and 1.3299.
- Monthly and weekly chart : Clear down trend in place.
- Daily : This rally is for selling into.
- Sit on small position now. No further action until the daily turns (long black candle) or a break of 1.3112 occurs (sell stop below).
30 April 2010
EUR/USD : Scaling Back Into Short
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1 comment:
Increased position. Stopped in @ 1.3109 triggered.
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