Is this crap ever going to stop.
Here is the buy call March 12, 2010:
Combining these factors, we think EUR/$ has the potential to rally from here towards our 3mth forecast of 1.45. We would go long with a stop on a 1-day close below 1.35.
Here is the short call March 24, 2010
The probable close today below 1.3430 should herald a fresh leg of weakness following 7 weeks of 1.3430/1.3840 action . Whilst positioning was light 24 hours ago we have seen it build sharply in the past few hours but this does not feel like a crowded trade . We are playing this from the short side and would look upon a rally back to 1.3420 as a selling opportunity. Stop can be placed above 1.3500 . Its hard to know how far this move can extend but a target of 1.3100
