Just a reminder, these charts are posted as examples of the trades on the nightly COT Signals email. These trades will help illustrate the mechanics that go into creating the nightly email.

The Euro Currency has slowly climbed off its lows over the last two weeks. However, nothing has been done, politically, to fundamentally change the problems affecting the Euro zone. The fact that the rhetoric has died down has done nothing to stem the tide of Commercial selling of the Euro Currency. This can be seen in the increasingly negative momentum.

Finally, yesterday’s reversal off of the highs tripped our proprietary trigger. Therefore, we are selling the Euro Currency in anticipation of further declines. Our protective stop will be placed just above the current swing high at 1.3796.

Please call to discuss profit targets and contract sizes.
Andy Waldock
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