The Euro-Dollar continues to trade above the recently broken 1.3000, most recently lower at 1.3029, but OpenBook traders are shoring up defensive positions in the EUR/USD pair, with shorts outnumbering longs by 8 to 1. The largely negative sentiment is based almost entirely on the ongoing debacle of the Eurozone, with the debt crisis in Greece at the fore. OpenBook guru pyruss is one such trader, with well over a dozen short positions recently opened. Trader paoloetoro, who allocates more than 60% to the EUR/USD Pair, recently closed out a short position with an 18% gain, which is middling as compared to the 58% return yesterday. Read more
Forex