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How to Trade Europe's Credit-Rating Cuts
13 Jan 2012 EST - CNBC.com
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Todd Gordon, co-head of research and trading at Aspen Trading Group, says he thinks the trade is "right on," noting that the pound and the dollar have just broken out of a three-year trading range. "That's Rebecca's entry, take the profit down to 1.48, but we're talking long-term implications around 1.30 on the break of this pattern," he says.

You can watch the discussion on this video.

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Melissa Lee Profile, Biography, About - CNBC

MULTI CURRENCIES v The Dollar

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top currency strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about - email us at moneyinmotion@cnbc.com .

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