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geckler
Aug 29, 2012 7:16 AM

EUR Squeeze Scenario Long

Euro Fx/U.S. DollarFXCM

Description

Have been very bearish on EUR generally over the last few years - early to SPA 5yr at 200bps etc - however one only needs to remember back to 2010 and last year to dial up a squeeze in EURUSD - GS put out note on Draghi presser day in early August Long EURUSD and again yesterday calling for further squeeze as CFTC data shows crowd leaning stuck short
Comments
QuantitativeExhaustion
History repeats
eens
Agreed.
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