I really like when the Euro rallies, because it provides a nice shorting opportunity. I still hold the view that the Euro has many issues that must be dealt with (such as sovereign debt default) and eventually reality will overwhelm the cappuccino addled euphoria they're experiencing now. I'm staying away from the US Dollar though, because I'm still sorting out what Bernanke and Friends are planning. He's either drinking espresso or selling it. Not sure which one, yet.
I'm short the Euro via long the Canadian Dollar, entry price is 1.357, or .357 for short. I need easy-to-remember numbers because in the heat of market turmoil, it's easy to get confused about where you are.
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