We have been stopped out of our short EURUSD position at 1.4175

This trade was initially established through options but subsequently converted in to a short spot position at 1.4010 earlier this week

Comment: While we have been stopped out of this position, our short term bearish bias has not changed. We cotinue to believe the next significant move is likely to take EURUSD towards the 200 day moving average (and possibly as far as 1.35). For now the near term price action needs to be respected. We may look at this again later should opportunities present themselves.

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