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Short Euro Against the Highs- Scalps in Play Sub 1.30

Short Euro Against the Highs- Scalps in Play Sub 1.30

2012-12-12 20:29:00
Michael Boutros, Strategist
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EURUSD- Holding a short off 1.3084 targeting 1.3050 (1.3015 Extended target) on the heels of today’s FOMC rate decision where the Fed pledged $85B in monthly asset purchases once operation twists ends at the close of this month. All targets are highlighted in yesterday’s Scalp Report. Staying very nimble as we head into Asia Pac trade with stops brought down to break even as soon as initial targets come into view.

For updates on this setup and more follow me on Twitter @MBForex

---written by Michael Boutros, Currency Strategist with DailyFX.

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