BombayBulls
Short

EUR/USD - Position Update and Next Trade - 2/29/2015

FX:EURUSD   Euro Fx/U.S. Dollar
Combination of Friday, month end and US GDP data ( 8:30 EST ) can concoct unexpected. So rather than letting the profits wash away in noisy volatility , we are closing 2/3 of the position ( Short from 1.0960, as per previous trade idea ) with just 25 pips - Better than nothing ;) and brining the stop for the rest near 1.0980.
Today's game plan is to look for short entry near 1.1100 if 1.1000 gives away. Actually lot depends upon where is the price at the time of data release. If euro             is trading near 1.9000 then we will look to short it from 1.1000 and if price is near 1.1000 then the level can be smoked during volatility and it pays to be patient.
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