Long EURUSD on gold, rates, and tired narrative.

Looks to me like short-term USD reversal coming, regardless of CPI.

Gold, real rates, relative yields, rebound in BTPs, techs (EURUSD now above hourly cloud and 200hour)... Think we see 1.1750 in EURUSD. The "ECB is more dovish" narrative is kind of stale and priced in.

1 week 1.1650 EUR calls make sense to me. CPI tomorrow possible kicker.

Trade your own view at your own risk.