04.28.09

[B]My picks:[/B] Stay Short EUR/USD
[B]Expertise:[/B] Fundamentals and Technicals
[B]Average Time Frame of Trades:[/B] 2 - 10 Days

The EUR/USD broke below the 1.3100 level again this week, and I will continue to stick by the short EUR/USD recommendation from earlier this month as the pair continues to retrace the advance from March. Meanwhile, as European Central Bank is widely expected to lower borrowing costs further on May 7th, I added to my position short position last week, and will maintain my target at 1.2705, the 2/2 low.

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