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
-
Mystery Charts
Feb 5, 2026 20:48 | 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... -
2hr Gold Chart
Feb 3, 2026 13:09 | 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... -
Gold Net Longs
Feb 2, 2026 17:16 | by Ashraf LaidiI really dislike after-the-fact analysis, but looking at this chart of Gold speculative net longs at the Comex, it shows speculators began lightening their longs on Jan 23.
