EURUSD, Weekly - short squeezeRecently the large speculators has significantly reduced the short positions in the euro futures market. This seems to be a huge change in the positioning of the important market participants. This may suggest that the recent downward trend in the euro fx may be ended.
This type of switch in positioning is a rare phenomenon so it could worth paying attention to it.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
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