Monday, June 22, 2009

Good Morning, USD/CAD stop out, EUR/USD short update, Outlook

I coaxed myself into a USD/CAD short this morning, using a level that was already tested last week but looked like it may be ready for another bounce. Not the case. Shorted USD/CAD at 1.1485 and was stopped out a couple hours later for -35 on 1/2 size position.

My EUR/USD 1/4 size short is looking OK, +100-130 points. Looking to see further down movement through today, equities are down nicely, pushing USD up.

I'm watching EUR/USD for a long bounce at 1.374

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