high impact this news for eur may be Long position again ...
Italian Elections Could Trigger A Quick Aggressive Unwinding In EUR Long Positions - UBS
Looking into how the EUR has performed over the past few weeks, and you are coming into the thinking of market investors who believed that they shouldn't be worried as risk has been priced out and everything will be fine going forward. And suddenly risk is being priced back. I think one real strong point of complacency the market had over the past few weeks was waiting literally for the last minute to start pricing in political worries and that what caused the recent sell-off in the EUR...The thing that has been driving the EUR higher over the last few weeks has been positioning. People believe that things are ... (full story)