Euro Shorts Hit an 11-Year Extreme as a Strong US Jobs Report...

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2026-11-07 13:57:09

Euro shorts just hit an 11-year extreme while a strong US jobs report pushed the dollar index above 102. With positioning this one-sided, is the next move a short squeeze — or trend continuation toward the May low at 1.1074? My take on the COT numbers: https://zimbuck.com/blogs/1785/Euro-Shorts-Hit-an-11-Year-Extreme-as-a-Strong

ZIMBUCK.COM

Euro short positions held by large speculators have reached an 11-year extreme, just as a stronger-than-expected US jobs report pushed the dollar index back above 102 and dragged EUR/USD toward 1.11. The crowded trade now cuts both ways: momentum favours the bears, but positioning this one-sided...