I closed a short EURUSD position that was lagging in my account from sometime ago (from 1.34) and that was very small (I know, it is bold to have a position opened but life at work has not been easy and one has his priorities). Closed at 1.3130, I pocketed $400. If EUR remains weak for the day I might consider going long. It went down a lot for the day and the reasons for a strong EUR reported by Zerohedge are still in place, namely: USD-priced asset repatriation by French banks. This might only be a speculative movement against Manufacturing PMI figures, and might correct itself during the day or week, given that the European markets opened higher.
In any case, a tail move of 100 pips such as this one provided an excellent opportunity to get rid of this "legacy" position.
0 comments:
Post a Comment