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Sell EURs and Shut Your Eyes?
This month and year may be winding down, but the heat on the Euro-zone is certainly becoming more intense. Investors are trading up against some key support levels for the currency, levels that when breached could see another decent run to the downside. Historically, the risk reward of holding large positions this time of year tends not to be worth it. The aggravation and headaches of trying to comprehend some of the currency moves, which tend to be driven by lack of liquidity, year-end positioning and the turn, usually dissuades most from having larger positions. Mind you, this negative EUR run has technical ... (full story)
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- Dec 14, 2011 7:33am Dec 14, 2011 7:33am
- tradestar1
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- Pleiadian
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Don't wait for the wind, take to the oars.
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There is always a price for promises you don't keep!
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