Trade Alert: EUR/USD

We didn't get the bounces I was looking for, but things are starting to fall into place for a substantial risk reversal.  These things can sometimes take time, but for those who are more aggressive, I am going to test the waters with only one unit.  More conservative traders may want to wait for further confirmation, or until the volume returns.  The market is in the middle of the typical summer low volume. 
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CIS* Alert Service (C013AS)

Date:  Tuesday, August 3, 2010

Action:   Sell 1 unit EUR/USD at 1.315

Stop Loss:  1.33

Take Profit:   1.30

CIS* Complimentary Investment Strategy
: tgi

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From the Desk of
Aaron Reid
Forex Strategist