FXE long for a bounce

C

Catalite

The oversold FXE may be good for a little run here. The 5-day RSI didn't confirm its recent low-reversal day on 2/25. The currency traders are very short and may want to cover to lock in profits. The FXE is unusually strong today. I think it's good for a couple of weeks for a countertrend move.
 
Yeah - I have been getting long below 135. Think that once the Greece/EU gets a little calm down we could see a slight move back up into the 140 area.

I have on the 135 / 138 / 140 butterfly and also long below 135.

I think Germany has too much at stake and they certainly don't want to see volatilty.
 
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