The Euro can't make up its mind. After closing up by +119 pips yesterday, the currency pair reversed most of the gains today by closing 94 pips in the red. Thus my long position entered at 1.2695 is currently 40 pips underwater. My USD/CHF short is 23 pips in the red.
I am keeping my positions open. I have EUR/USD long, USD/CHF short and USD/DKK shorts on. The massive swings up and down should eventually lead resolve themselves and lead to a one-sided movement. I will reconsider my Euro long on a break of 1.2500. I am targeting at least 1.2800 but I'm hoping to exit as close to 1.3000 as possible. Medium-term I am bearish on the EUR/USD and will be looking to establish a short near 1.3000.
I am keeping my positions open. I have EUR/USD long, USD/CHF short and USD/DKK shorts on. The massive swings up and down should eventually lead resolve themselves and lead to a one-sided movement. I will reconsider my Euro long on a break of 1.2500. I am targeting at least 1.2800 but I'm hoping to exit as close to 1.3000 as possible. Medium-term I am bearish on the EUR/USD and will be looking to establish a short near 1.3000.