I remember about 4 or 5 people saying to short euro at 1.3000 early last week. How did that work out for them? I'm not saying you won't get any retraces during this current uptrend, but I don't see a downtrend yet either.
Is Now the Time to Short the Euro?
The Bank of Japan's easing move is leading one strategist to look for a sell sign for the euro. With all the talk about a potential stimulus move by the Bank of Japan, the fact that it announced new asset purchases was hardly a shocker. But it did leave Kathy Lien, managing director at BK Asset Management, with a trading idea. Lien told CNBC's Melissa Lee that the immediate effects were nothing to write home about. "The market prepared for the move, the announcement came, and we did see yen[JPY=X 78.39 -0.41 (-0.52%) ] weakness, but that evaporated quickly," Lien says. But she's bracing for more. Noting that the ... (full story)