EUR/USD: Topside capped ahead of 1.3400 by big option structure
Many thanks to our hedge fund insider https://twitter.com/FXWW888 for pointing out that there is a big double-no-touch in play in the EUR/USD which will be stoutly defended ahead of 1.3400.
Sean,
This morning EUR/USD looks capped under 1.3400, after a second attempt. What do you think to short at 1.3350 S/L above 1.3400 ?
Makes sense Papillon, strengthens EUR/AUD sell case??
I also like this trade idea to short EUR/AUD but a relevant S/L would be above 1.4165 or less risky above 1.4080 (fibio 76.40%) ??
http://img90.imageshack.us/img90/2462/nwig.jpg