This post was published on ZYX Short Sell Change Alert.
There is an extremely profitable long-term short euro dollar position from the time when euro was trading around 1.40. As of this writing euro is trading around 1.07. Considering that forex positions usually involve significant leverage, the profits are extraordinarily large.
For those using ETF FXE, FXE is short from $134.37. It is trading at $103.50 as of this writing. 35% of the full core position size is still being held. Partial profits have been taken. The target zone remains $90 to $96.31.
We are likely to initiate more trade around positions while leaving this very long-term position undisturbed for the time being.
What To Do Now
Those who have followed us in this long-term short position have already realized handsome profits and in addition are sitting on large unrealized profits. Consider continuing to hold.
Those not in this highly profitable position may consider simply focusing on new signals given on the Real Time Feed.
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