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Calvo, sorry for my inactivity but I must say, if only people knew that they could learn quite a bit from this FX forum; they would have read your post and at the very least considered a short position.
I on the other hand have been shorting this from the close below 1.3302 swing and have added at the failure at 1.3230 and again at 1.3064.
I think there will be a short respite today as there is less direction in the short term but I think your short call to parity would not be completely absurd especially since the Greek yields are telling me they are going to be "insolvent" yet again.
NFP today so I would suggest smaller size trades if you are thinking of trading before the news (unless you have a crystal ball like Calvo).
