Site Meter The Lawyer Trader: Opportunity to Sell More of the Eur/Usd

Thursday, February 19, 2009

Opportunity to Sell More of the Eur/Usd

The overnight rally in the Eur/Usd that extended through this morning provided a great opportunity to add to or open a short position in the pair. I added around the 1.2720 level. The pair is still in a good downtrend and the story right now is that the dollar is a "safe haven" investment. I don't care whether it really is or not, I'm just ridin' the trend. Here's a 4-hour chart of the Eur/Usd pair.

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