Still long until the fundamentals truly take effect
Along with the thoughts on the chart, I will be slightly biased long until retail market sentiment balances out more. Currently 64% have open short positions and 36% are open long. There are two sides to every trade and if you look historically at sentiment, the market cannot change direction with so many traders heavily short. I believe the Euro should fall eventually, just not under the current technical conditions and lop-sided market sentiment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.