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Goldman Under 100 pips From Being Stopped Out On EURUSD In 24 Hours

From zerohedge.com

On Friday, when we learned about Goldman's latest FX recommendation which said to "go long EUR/$ with a narrow stop at 1.35 for an initial target of 1.40 (currently at 1.3715)", we said: "Time to sell the EURUSD with both hands and feet, not to mention with MF Global-type leverage: that uber-contrarian FX indicator, Goldman's Thomas Stolper, who has not had a notable call correct in the past 2 years, just came out with a long EURUSD call, calling for a 1.40 target and a 1.35 stop loss. Yes, this means Goldman is now selling EURUSD until 1.40 and will begin buying it at 1.35. As a reminder here is how Stolper's last ... (full story)

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