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EUR/USD Big Trade +70
BK EUR/USD Big Trade -- Close at market 1.1298 for +70. Rode the skepticism but still looking for an eventual deal
Place order to Sell EUR/USD at 1.1368
Sell another unit 1.1557
Stop on the whole position at 1.1670
We are going right back into our EUR/USD short.
After a strong counter trend rally its time to get back into EUR/USD shorts. With Greece still unresolved and none really certain as how a Greek bankruptcy would affect the Eurozone the market is much too complacent about the risks in the pair.
Add to that the fact that the Fed clearly wants to hike and is simply trying to downplay the imminent move, we see the current rally as an opportunity to sell EUR/USD at a higher level.