kirill_EN
Long

Long EUR after failed turkish coup

FX:EURUSD   Euro Fx/U.S. Dollar
99 0 2
Friday's extraordinary events in Turkey shocked the world. The first news of the coup attempt sent the Turkish lira FX:USDTRY             down nearly 6%. Euro             and S&P             futures fell while oil             ICEEUR:CB1!             rose. Usually I don't trade Forex, however this is opportunity one cannot miss. Since I am somewhat bullish on euro             in the short term (which is determined not by the term structure, but by the price levels I'd like to see), I prefer to open two-leg long position. (We might even see return to the 1.136 level in the future).
Comment: 1.098 is kinda line in the sand for me - lower boundary of balance zone. If EURO goes lower, I'm out.
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