Short EUR/CHF

[Dave Floyd]

9:15 PM PDT 8/24/04

Short EUR/CHF at current levels (1.5370) with a stop loss at 1.5450. A break of 1.5335 should allow for 1.5300 then perhaps lower.

Trade is based on technical set-up on daily and weekly chart and a pretty solid macro backdrop that should favor the Swiss Franc. One caveat, the recent strength on USD/CHF could spill over to the crosses.

Dave Floyd
Aspen Trading Group