The Euro has reache new all time highs against the GBP and it's running out of steam it seems. Keep your eyes on this one and look for a good short entry near 90-91 area. Stops should be set about 200 pips above the highest high. This trade may take a while to move lower but it's looking as if it's building into a good shorting position. Given the rise in GBP/USD and others.
Tuesday, December 16, 2008
Trade Alert: EUR/GBP - Short Building
The Euro has reache new all time highs against the GBP and it's running out of steam it seems. Keep your eyes on this one and look for a good short entry near 90-91 area. Stops should be set about 200 pips above the highest high. This trade may take a while to move lower but it's looking as if it's building into a good shorting position. Given the rise in GBP/USD and others.
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entered short .9030
ReplyDeleteya my short got stopped out but thats ok the Euro will tank in a while. For now i'm long on eur/jpy and the Eur/USd is still going up.
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