BKSWING – New EUR/USD Order for 03.14.14

Between the sharp reversal in FX and Mario Draghi’s comment that the exchange rate is contributing to low inflation, the euro traded sharply lower against the U.S. dollar today. If Asia latches onto these comments, there could be further weakness and we want to be positioned for the opportunity:

Place Order to Sell EUR/USD at 1.3823

Stop 1.3883

Close half at 1.3793 move stop to b/e

Close rest at 1.3678

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