24 June 2010

EUR/GBP : Better Trade than EUR/USD

  • Technically, shorting EUR/GBP a better bet than outright EUR/USD (for exposure to negative EU events). A lot more downside potential in the former.
  • Will add on to original trade on pullback to around 0.8250. Now at 0.8207. Did not pyramid on the way down because was suffering on CNY move. Overall looking much better now.

1 comment:

Taichiseal said...

Filled. Sold EUR/GBP @ 0.8252