Thursday, March 29, 2012

Forex - BMO trading recommendations for EUR/USD

Forex - BMO trading recommendations for EUR/USD

Specialists at BMO Capital suggest a strategy to benefit from the dollar's temporary slippage. They recommend going short when EUR/USD reaches $1.35 level or now at $1.33 with a stop at $1.34 and targeting at $1.30. On Tuesday the Fed’s Chairman Ben Bernanke hinted that the third round of QE is on the cards. "The euro rose after Bernanke's comments, but it wasn't a widespread shift," BMO analysts say. Read more