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Staying short Euro/US Dollar

Staying short Euro/US Dollar

2011-05-25 20:20:00
David Rodriguez, Head of Business Development
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I remain short the Euro against the US Dollar from Thursday, May 12 as I think we've seen an important EURUSD top. The stop remains above 1.4340. I recently hit my short-term target at 1.4050 which I mentioned several days ago. In fact we briefly broke 1.4000 and pulled back. I haven't taken any of the position off, but those shorter-term minded might look to book some profits. What I will do is move stops to lock in modest profits. Stops now above 1.4230, target 1.3900 and beyond.

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