UBS: Still Prefer to Sell Euro

January 22, 2012

UBS said that the recent rally in euro dollar was simply a relief rally.  Even if euro breaks above 1.3050, they’ll still look for opportunities to sell.  What do you think?

 

via Forex Flash: Firm conviction Euro short positions to pay off – UBS – NASDAQ.com.

 

 

This entry was posted on Sunday, January 22nd, 2012 at 11:58 pm and is filed under EUR/USD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “UBS: Still Prefer to Sell Euro”

  1. Simple Forex System Trading » Blog Archive » Will UBS Change Their Minds on EUR/USD? said:

    Jan 29, 12 at 9:00 am

    [...] EUR/USD closed at 1.3220 for the week, the highest point we have not seen for a while.  I wondered how UBS felt about it and whether they would stick to their “analysis” on 1/2… [...]

  2. Simple Forex System Trading » Blog Archive » EUR/USD Does Not Look Good in 2012 said:

    Feb 13, 12 at 6:58 pm

    [...] Not long ago, UBS didn’t think the recent euro rebound would sustain. [...]

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