2011-12-30

Speculative euro shorts finish year at 2-year high


Tim Knight sees a possible short-term reversal in the euro and this massive short position leaves the door open to a squeeze. Looking back to June 2010 though, the previous low was set at the bottom of the first euro crisis/height of panic. This time around, the shorts have been slowly building and the euro slowly falling......it could be a rough 2012 for euro bulls.

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