National Australia Bank reported a loss from euro after four months of waiting

National Australia Bank finally closed short positions in the single currency, opened in November last year, relying on the depreciation of the euro against the dollar below 1.00.

Hopes for a breakthrough at the lower limit of the consolidation pattern did not materialize and the bank closed short positions at the stop at 1.0900 with a loss of 318 points.

Let's remind that in November 2016 the euro dipped below the psychological level of 1.04 against the dollar, reviving hopes of eurobears for parity between the dollar and euro.