Tuesday, 10 May 2011

Euro Declines as Greece’s Rating Cut; Norway’s Krone Rallies

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=azhz920CGj7w

SS says
Extreme bullishness on EURO warrants a bearish stance.
I think EUR peaked at 149 and is now headed lower.
It is 143 now - but I think it will decline further.

Btw I am short EUR as of now via a PUT option - strike at 144 - bought it at 148 Spot - expiry Sept 2011.

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