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To: blam

Thanks for the callout.

I checked out the EURCHF currency pair and, sure enough, the EUR was way down. I checked the EURGBP and, although it wasn’t nearly as pronounced, it appeared to be in a downward trend as well.

Based on the theory that the EURGBP was lagging, I opened a small short position (0.02 lots)... It’s still open, and I’m sitting $5 to the good.


20 posted on 06/03/2010 11:16:09 AM PDT by Egon (The difference between Theory and Practice: In Theory, there is no difference.)
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To: Egon
Why Europe Actually Got Really Lucky That It's Currency Hasn't Collapsed More
21 posted on 06/03/2010 11:24:39 AM PDT by blam
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