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Lambert: Why I'm short euro dollar
On Monday Clive Lambert decided to short euro dollar as the pair was looking weak; he believes this is still the case and plans to do it again today. On Monday he placed a stop at 1.3581 and he says that area has since capped upside.
His two targets for this trade are 1.3510 to take some profit and "lock in" a winning trade, and then 1.3430 on the balance.
The euro briefly fell against the dollar on Tuesday after the closely-watched German ZEW economic sentiment indicator came in below forecasts, potentially signalling some softness in Europe's largest economy.
Read more about Clive's trade idea here:
http://www.tradingfloor.com/posts/eurusd-looking-weak-morning-2053861680
01:00 minutes
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