01 July 2010

EUR/GBP : Conversion from Short EUR/USD

  • Initiated short EUR/USD on 15Jun10 @ 1.2284. Now at 1.2203.
  • Just bought cable at 1.4888 to lock into a short EUR/GBP instead. Thus legged into another batch of EUR/GBP at 0.8250 (market now 0.8193).
  • As mentioned before, shorting EUR/GBP likely a better technical trade than an outright short EUR/USD.

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