EURUSD Short
Currently short on EU
Reasons:
- Downwards trend
- COT traders overwhelmingly bearish on EUR
- Political instability in Europe
- Bad economic news in Europe
- ECB president "highlighted that euro area economic growth is expected to weaken in the coming months"
- US expected to also cut rates, but looks a lot stronger economically compared to most of the world right now
Reasons:
- Downwards trend
- COT traders overwhelmingly bearish on EUR
- Political instability in Europe
- Bad economic news in Europe
- ECB president "highlighted that euro area economic growth is expected to weaken in the coming months"
- US expected to also cut rates, but looks a lot stronger economically compared to most of the world right now
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