EU: Potential Short Squeeze

Could the USD lose some momentum with preliminary job-loss claims coming?
Expected to see up to 2 million people claiming unemployment for March...

The FEDs last move to introduce unlimited QE and buying of corporate bonds could be showing a limited affect..

A short-squeeze could be coming - acting as a retracement for the drop that occurred from 1.1500

I entered long at 1.07750 - looking to take profit at or around 1.10650
-First level for bulls to break at 1.08100

I keep a pretty tight stop, so if price breaks and closes below 1.07700 I'll close position and continue short trend.

*trade at own risk

-Krecioch