C.O.B.R.A. System Sell Alert: Exit Your Euro Calls
FXE was a positive reversion trade on July 1. At the time, its 50-day CCI reading was low enough that our system flagged it as oversold. Nearly a month later, the oversold condition has been resolved by a sideways movement, not a strong rally. Despite burning a month of time, we can exit the position now at only a small loss.