Home / Forex Analysis / USD: Short USD Positions Are Finally Beginning To Be Cut Back; What Does It Mean For EUR/USD? – SocGen

USD: Short USD Positions Are Finally Beginning To Be Cut Back; What Does It Mean For EUR/USD? – SocGen

What is the outlook for EUR/USD in the near-term? Here is their view, courtesy of eFXdata: Societe Generale Research flags a scope for further EUR/USD downside on the back of positioning adjustment in the near-term. “Short dollar positions are finally beginning to be cut back, which is a necessary condition for further weakness but also […] The post USD: Short USD Positions Are Finally Beginning To Be Cut Back; What Does It Mean For EUR/USD? – SocGen appeared first on Forex Crunch.

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