DislikedYou are probably right, I haven't seen any reason why people would be Euro bullish, however I am trying to never underestimate hopium power.
With that in mind, and Bernanke testifying on Wednesday and Thursday next week isn't it possible for some hopium to be on the cards? By all means shorts don't need to cover and can probably add, but I am open to the possibility that we have a little squeeze.
Now positioning wise, there may be no fundamental reason for a Euro rally, but we have had 2 weeks of drops and steady grinding lower without...Ignored
Those who say it cannot be done should not interrupt those who are doing it