Credit Agricole came close to being stopped out of their EUR/USD long from 1.2660 on Friday as the pair pulled up 7 pips shy of the stop at 1.2350. They maintain the reasons behind the trade and keep the BTFD mantra into the year end.
They’ve updated their trade note adding in yesterday’s positive Sentix data as possibly indicating a rising demand in EUR risk assets.
The trade wasn’t looking in great shape but they’ve been given a kick by this latest move.
Other banks in EUR/USD trades are
- Morgan Stanley short at 1.2750 & 1.2450
- Credit Suisse short at 1.2495
- Sog Gen short at 1.2410
So Credit Agricole are the only longs out of this lot at the moment
For all the bank trades, orders and calls, and the rationale behind them check out EFX
If anyone has joined up to their service,let us know what you think
