This post was published on ZYX Short Sell Change Alert.
Mario Draghi of ECB was more hawkish than the consensus in his press conference yesterday after ECB meeting. Today we see euro strengthening against the dollar even after an extraordinarily strong jobs report.
Market participants are beginning to think that monetary policy will tighten in Europe at a faster rate compared to the tightening in the U. S. Consider taking partial profits on one-half of the position right here and move stop on the remaining to break even. The prior short zone is no longer valid.
To learn more about Trade Around positions please read, Trade Management Guidelines.
This is separate and distinct from the long-term short euro position.
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