Wednesday 5 December 2012

EURO Sentiment

EURUSD yesterday hit a high of 1.3126 and then we saw it closing lower on the day below 1.3100.

A poor Spanish auction was one of the reasons why the EUR were hit yesterday. Also, an article in FT reveals that Deutsche Bank hid 12 Billion USD in paper losses during the financial crisis.

For today, I reckon Euro will be slightly offered when it approach 1.3100. I would like to go short the pair when it bounces back up towards 1.3100.

Good luck !

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