Monday, July 11, 2011

How much Stress Can the Euro Take?

Now Italy is the cause of concern for the euro as an emergency meeting is held.

The price action looks like an imminent breakout to the downside of the triangle - a false breakout last week saw fast action to the upside, but is now facing heavy selling action - I'm short the EUR, and will add to the shorts on continuation below 1.41

I've also shorted AUD/USD, sp500, asx200 for short term risk off sentiment trades.