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Thursday, August 13, 2009

EUR/USD Gone Flat

Hi Traders,

Sorry I haven't been able to add much commentary to my most recent posts. I have been posting more trades than usually and have been busy with the research and tracking them. Most recently, I abandoned my EUR/USD position with a 38 pip loss. I am looking for the best entry point for a considerable move down in the pair but I am not comfortable with our entry point given the poor US economic data this morning. Will keep you posted.

For the most timely updates, follow me on twitter!

From the Desk of
Aaron Reid

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