{"id":26112,"date":"2011-12-20T10:10:12","date_gmt":"2011-12-20T15:10:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/12\/20\/eur-short-squeeze-presents-opportunities\/"},"modified":"2011-12-20T10:10:12","modified_gmt":"2011-12-20T15:10:12","slug":"eur-short-squeeze-presents-opportunities","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/12\/20\/eur-short-squeeze-presents-opportunities\/","title":{"rendered":"EUR Short Squeeze Presents Opportunities"},"content":{"rendered":"<p><strong>Source: <a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">ForexYard<\/a><\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/9.jpg\" width=\"120\" alt=\"printprofile\" \/><\/p>\n<p>As discussed in today\u2019s <a href=\"http:\/\/www.forexyard.com\/en\/market-analysis\/eur_pessimism_reaches_a_high-2011-12-20\">FOREXYARD Daily Analysis<\/a>, overstretched market positioning has allowed for a bit of a EUR short squeeze on the back of a solid <a href=\"http:\/\/blogs.wsj.com\/eurocrisis\/2011\/12\/20\/sovereign-bond-market-gorges-itself-on-ecb-christmas-present\/?mod=google_news_blog\">Spanish bond auction<\/a> and strong US housing numbers.<\/p>\n<p><span><\/span>The most recent <a href=\"http:\/\/www.cftc.gov\/marketreports\/commitmentsoftraders\/index.htm\">CFTC Commitment of Traders report<\/a> shows speculators in the futures market have built their largest EUR short position since May 2010. As of last Tuesday speculators were holding -116k contracts short, up from -95k. The one sided positioning highlights the market\u2019s pessimism against the EUR but also brings the possibility of a short squeeze.<\/p>\n<p>Today\u2019s short squeeze has helped the EUR\/USD rise as high as 1.3120. There is short term resistance in this area as the 200-hour moving comes in at 1.3135. Also contributing to the resistance is the October 4th low of 1.3140, and the 38% at 1.3130, the Fibonacci retracement from the move stemming from December 9th to December 14th (1.3433-1.2945).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/12\/EURIMM2.JPG\" alt=\"EURIMM\" title=\"EURIMM\" width=\"603\" height=\"674\" class=\"alignnone size-full wp-image-15986\" \/><\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>. <\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: ForexYard As discussed in today\u2019s FOREXYARD Daily Analysis, overstretched market positioning has allowed for a bit of a EUR short squeeze on the back of a solid Spanish bond auction and strong US housing numbers. The most recent CFTC Commitment of Traders report shows speculators in the futures market have built their largest EUR &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/12\/20\/eur-short-squeeze-presents-opportunities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR Short Squeeze Presents Opportunities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26112","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26112"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}