On Friday's CNBC "Money in Motion" show, I gave these guidelines for a short euro-dollar position:
EURUSD trade: Big Channel Love
Bottom 1.3150, Top 1.3950 and we're in the middle.
Risk for next week is more "jawboning" and whining by European officials on the currency as we get EZ Fin Min meeting (Feb 11-12) and G20 meeting (Feb 14-15)
Play the range in the middle of the channel:
Sell a rally:
1.3475 entry, S/L 1.3525, T/P 1.3325