Forex Flash: EUR shorts consolidated last week – Rabobank

FXstreet.com (Barcelona) - The shared currency is now attempting to retake the 1.30 handle as risk appetite seems to be waking up. Ahead in the day, the ongoing USD rally would be under pressure as the US retail sales will be the main risk event.

In the opinion of Jane Foley, Strategist at Rabobank, and according to the last CFTC COT report, “The level of EUR shorts retains a consolidative tone. The ability of positions to shrug off last month’s ECB rate cut suggests the market may be well positioned to absorb further easing talk”.