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Wednesday, February 8, 2012

Short USD/CHF


A fresh wave of optimism has been injected into the Euro, with the single currency outperforming in recent trade on the back of legitimate expectations that a Greece deal is finally near. Greek party officials are slated to meet later today to facilitate the agreement of the bailout, which one party leader says should not end in humiliation for the country. Also seen propping the Euro is a report from the WSJ which says that the ECB might consider making concessions on Greek debt.

Overall USD is still trending down. We will take short trade.

Looking for a short trade on USD/CHF.
Entry: 0.91441
SL: 0.91544
TP: 0.91123

Lets see what happens.

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