EUR Squeeze Scenario

2012年8月29日

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