The Euro-Dollar is trading higher at 1.3162, not too far from the opening price as hopes build that Greece will be able to begin the process of swapping out its maturing debt with private bondholders as soon as Monday. On OpenBook, the dominance of bullish sentiment reflects traders’ optimism. OpenBook guru MPL1983, who expects that the EUR/USD will re-penetrate 1.32 area, earlier placed an order to buy the pair at the next dip. However, he currently holds several long positions, one already showing a small gain of 3.50%, while the others need that re-penetration to occur. Since yesterday this guru, who allocates 99.7% of his portfolio to the EUR/USD, has closed out two longs with an average return of more than 17%. For the month, he is on track to record a 167% return. Read more
