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Todd Gordon's Guggenheim CurrencyShares Euro Trust Trade

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On CNBC's "Trading Nation", Todd Gordon of TradingAnalysis.com recommended a long position in Guggenheim CurrencyShares Euro Trust (NYSE: FXE).

He thinks the stock is going to break out above the $113 price level. If that happens it could move to its downtrend resistance level of $125, thinks Gordon. To make a bullish bet, he wants to buy the September 111 call for $2.27. The trade breaks even at $113.27 or 0.63 percent above the current stock price and it has a delta of 0.70.

Posted-In: CNBC Todd Gordon Trading NationEurozone Forex Markets Media

 

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