I did , but wisely took a lot off at 1.2650
starting to slowly build up shorts again now , I may experience pain for a while but am reasonably confident it will fall hard when it does if I look at the daily chart I see a downtrend
but hey I could be wrong and I will reduce over 1.29
Braver than I am, I want to go short, but I think I will sit on the sidelines and wait for a better signal.
Good luck!
SPIEGEL: As an investor, would you still bet on the euro? Soros: I certainly would not short the euro because China has an interest in having an alternative to the dollar. You can count on China to back the efforts of the European authorities to maintain the euro. SPIEGEL: Is that the reason why the euro is still so strong compared to the dollar? Soros: Yes. There is a mysterious buyer that keeps propping up the euro. SPIEGEL: And it is not you. Soros: It is not me (laughs).
After USD I believe EURO will have their day in the long run.
I am bullish on EURO in the long run and it will shine like AUD and NZD. Next 18 months is very crucial for EURO, AUD, NZD and emerging market currencies.
EURO and emerging market currencies will appreciate against NZD, AUD in the medium run.
My ideas are not a recommendation to either buy or sell any security or currency. Please do your own research prior to making any investment decisions.
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