T-Minus 0: Trade Setups in EUR as ECB Prepares for QE Liftoff

The moment we’ve all been waiting for since early-December has finally arrived. Will speculation around the ECB live up to the hype?
Disappointment can be particularly explosive today for volatility, insofar as the market is already exceptionally short EUR. The futures market is currently as saturated with Euro short positions as it was in July 2012, when the Euro bottomed. Furthermore, short positioning has ratcheted up the past four weeks.

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