30 April 2010

EUR/USD : Scaling Back Into Short

  • 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).

1 comment:

Taichiseal said...

Increased position. Stopped in @ 1.3109 triggered.