For those that are following the fortunes of their short EUR/USD trade at 1.3780 Manuel Oliver, who said that he can see some upside in EUR/USD despite his trade today says that the risk of the euro breaking 1.40 is heightened unless the ECB signal imminent action. He also notes the euro’s ability to shrug off risk sentiment and the possibility of a surprise form the Fed this week. EFX brings us the update.
For those that don’t know CA took a short late last year with a target of 1.33 and stop at 1.4160.
I think that if 1.40 goes the trade will be toast not long after. As I pointed out in last weeks installment I very much like the way that he can see both sides of the coin with the trade. Good luck to him I say.
