EUR/USD: Structural flows suggest will eventually break higher
Let’s face it, ‘eventually’ could mean in 10 years time the way this pair is trading! A good source who does in-depth analysis of the big banks flows and orders thinks that the next move in EUR/USD will be higher, presuming that the speculative community doesn’t suddenly gang up on the pair. Positioning is at relatively moderate levels (but still overall short) and demand from the real-money and Sovereign spaces is likely to be net-net EUR positive over the next few months.
I wouldn’t be taking any short-term positions based on this analysis but the medium-term bulls should look to buy big dips