Sell EURUSD @ 1.33 Limit

[B]My picks:[/B] Sell EURUSD @ 1.33 Limit
[B]Expertise:[/B] Global Macro
[B]Average Time Frame of Trades:[/B] 1 week

This week’s economic calendar is packed with event risks which can easily set off several waves of exchange rate volatility. Non-farm Payrolls, European Central Bank rate decision and the Bank of England meeting are probably the most important events to watch but there are also several indicators to be released on business and consumer sentiment. That said, I have been taking short positions in the euro since the EUR/USD exchange rate was being offered at 1.60 and this week will be no exception. I will be looking for opportunities to sell it around 1.33 dollars on speculation the ECB will cut rates and give a more bearish than expected outlook of the euro-zone economy.