18 August 2010

EUR/GBP : Big Picture Down

  • Am short, averaged in at 0.8363.
  • Thus far, this has failed to stay below 0.82 for long before it bounces sharply.
  • Nevertheless, don't lose sight of the big picture. Look at the monthly chart. This has huge downside potential. Keep the faith.
  • For me, this is still the best (least whippy) way to get exposure to short EUR.

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