LARGE PROFITS ON LONG-TERM EURO DOLLAR SHORT POSITION, WHAT TO DO NOW $FXE $6E_F
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