2012-03-02

Euro short covering pushes up euro, but shorts still at high level


Posted by at 10:05 PM
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2 comments:

  1. AnonymousMarch 3, 2012 at 10:52 AM

    But the euro fell yesterday. And now seems on track to resume it downtrend. The shorts will stay there until the low 120's.

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  2. LZMarch 4, 2012 at 12:16 PM

    This data is collected as of Tuesday, but released on Fridays. I agree EUR/USD looks to move lower and this level of shorts will make it easier to break into the 110s. The largest downside moves are made when there is selling in a market with no buyers.

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