I was thinking of shorting the Euro, waiting for the bounce up after the $1 trillion bailout. Did not expect that the bounce would only be part of a day. Everyone is wise to what is happening and the Euro continues its fall. It is falling too fast for me to put on a position. Now about $1.235....wow! Reading that the target is par with the USD. Will it have a bounce up so one can short or will it continue to slide down.
Bets on Euro Decline at a Record on Concern Bailout May Fail - Bloomberg.com
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