The we should expect vola from the premium structure in the FXE options.
The Public Opinion view hints at a neg. Euro Sentiment in biblical prportions, a.k.a. 'concentrated short positions' that cry for a short covering rally as started on Thursday (chart is from Tuesday).
A monthlong Euro rally will support a broader rally in the entire RISK TRADE from Equities, Gold to rising yield with falling credit spreads.
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