My picks: Remain Short EURUSD
Expertise: Global Macro, Classic Technical Analysis
Average Time Frame of Trades: 1 week - 6 months
The overall outlines of EURUSD positioning are effectively unchanged, leaving little to add to yesterday's pick. I will remain short, looking for prices to take out the neckline as EURUSD heads to the previous swing low below 1.30. As before, a stop-loss will be activated on a daily close above the 06/03/09 wick high at 1.4340.
