Friday, August 5, 2011

Euro Trading OUTLOOK 5.8.2011

EUU (EUR/USD): further USD decline expected

Pivot: 140
Our forecast: Up move towards 145 or even 147.
Comment: The pair has rebounded on its support and should post further advance.

To leverage our Trend Opinion on Euro, we selected the following strategy.

Buy EUU Sep 11 145 CALL

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