Bought EUR1,000,000 sold USD at 1.3570 on Friday morning.
Tough decision, given that so many are convinced that the Euro is toast. But I think that the fall from 1.5100 to 1.3445 levels is probably enough. Everyone is short the Euro, with the result that there are no more serious sellers left.
I have also heard rumours that Chinese and Russian central banks are buyers of Euro in the 1.3400-1.3500 area.
Anyway, we will see what happens over the next few weeks.
Anyone agree with me? Or are you all convinced that I have finally lost it?