My picks: Staying Short EUR/USD
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1 Day - 1 Week
EUR/USD Update: Staying short EUR/USD and ultimately looking for a drop toward the 50% fib of 1.2885-1.4340 at 1.3620, if not the psychologically important 1.3500 mark. As I mentioned yesterday, increased risk aversion in the markets would bode well for both of the trade, since that sort of sentiment tends to favor the US dollar.
