Euro Net Spec Shorts Seen Followed by EURUSD Spot
Net speculative shorts in EUR vs USD have reached 85K contracts, their highest since mid June 2010 .... which is the worst of last years PIIGS crisis, coinciding with the bottom in EURUSD at 1.1870. With the Eurozone landscape deteriorating following 4 bailouts (2 for Greece, 1 for Portugal, 1 for Ireland) and the AAA rating of France and Germany on the verge of being re-considered (or downgraded), the arguments for further downside in EURUSD is bolstered further. For the Technically-versed readers, EURUSD remains a head-&-shoulder formation, with 1.29 seen re-emerging before mid Q1 2012. As hedge funds further unload EUR longs, while others re-enter fresh shorts, the EURUSD spot rate is expected to catch-up with surging net short-interest in EURUSD. None of these conditions are expected to stabilize the soaring swap costs of USD at Eurozone banks.
More Hot-Charts
-
Gold & GoldBugs
Sep 24, 2026 11:51 | by Ashraf LaidiIf the inverse relation between gold and goldbugs index explained repeatedly in previous videos such as here and here continues to work, then watching the 4230 level is as important as... -
Nasdaq Part 2
Sep 24, 2026 9:44 | by Ashraf LaidiNow that Nasdaq has fallen following yesterday's post, will it extend declines to 30000. What do you think of this fractal. -
Explaining Silver
Sep 23, 2026 14:04 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...
