Professional market staying very bearish on EUR

• Citi FX strategy ‘trade of the week’ is short EUR/USD;
• Morgan Stanley ‘trade of the week’ is short EUR/JPY;
• I have not spoken to one professional trader over the last 3/4 weeks who is bullish EUR.

Make of that what you will. I must say, I agree with all of the above but perhaps we first get a topside clean-out before the next down-leg commences?