As you can imagine, I have been sitting on my hands this last week watching the recovery in the euro closely. From the depths of my recent drawdown of about £800, I am now down only about £160, albeit I have reduced some of my EURUSD position for a small loss.
The EURUSD has recovered from 1.26 to 1.30 and EURJPY from 96 to 101 today. I am now conscious to hold on for as long as possible as the 'risk on' period continues, but also cautious not to ride both pairs back down. I will probably look to reduce positions further in the coming days.
I am happy to hold my EURCHF trade while above 1.20, with one eye on intervention again from the SNB. My USDJPY trade is also fairing better this week.
I have been extremely busy at work recently so not having much time for posts or reviewing conditions.
0 comments:
Post a Comment