On the flow side, as widely expected the ending of and the beginning of an impulsive . The 1.0905x lows held and attracted a fresh round of EUR demand. For the European fundamentals, it should be no surprises we are starting a new chapter in fiscal policy here too, I recommend all to embrace the fiscal easing and continue to work the buy-side in EUR.
Dollar devaluation is in motion, the USD rally is complete and the highs have been seen for a very long time. Powell flooding the market with USD supply is going to fuel the start of what will become a multi-year USD bear market.
I like selling USD against EUR in particular and will continue to work longs in the basket. Best of luck those in EURUSD and other USD sells.
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