NaughtyPines
Short

FXE/EURUSD -- WATCHING FOR THE SAME THING AS BEFORE

AMEX:FXE   GUGGENHEIM CURRENCYSHARES EURO CURRENCY TRUST
Okay, okay, okay ... . So I've griped on occasion about trading FXE             as the EURUSD             proxy (no volatility , not good for premium selling, blah blah blah). But I can't help but think that I might get an another opportunity to short FXE             on one of these weak dollar/risk off spikes. We're three points away in FXE             , so I might get a shot ... .

Keep an eye on the long-term horizontal resistance at between 112 and 113 and erect short call verticals with strikes clear of that level if we get there (e.g., 113/116, 114/117), assuming you can get a decent credit to do so ... .
Comment: In the scheme of things, we're not that far away from my "sell zone."
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