The euro will rally
The euro will rally
The Euro will rally due to the dollar falling for the whole year.
We can see that by looking at the Commitment of Traders ("COT") report for the euro. This weekly report shows what futures traders are doing with their money. And when these folks get overly bullish, the smart move for contrarians like us is to take the opposite bet.
That's the setup in the euro right now. Take a look...
A multiyear high like this means that futures traders are all betting that the euro will rally. The problem is, when they all crowd in on a trade, their timing is terrible... They tend to pile into an asset after it soars.
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