- Had hoped to be able to sell EUR/USD near to 1.3500 as a hedge against the overly exposed short USD / long QE2 book. Did not get the chance, limit sell orders not filled.
- On the weekly chart, there is a previous high (resistance) at 1.3333 which was broken, but now we have traded back under ie failed break (?). Sell stop-in to establish short EUR hedge triggered at 1.3331.
- Think shorting EUR is best hedge for QE2 book given PIGS etc so will continue to build this up slowly. All the better if it goes a lot against me. Really should have started this yesterday but held back because I was greedy.
2 comments:
This makes the short USDX trade a pretty pointless one. Will look to take if off soon.
Added short EUR/USD @ 1.3492
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