Euro bears haven't been this aggressive since the Covid pandemic, but is the trade getting too crowded?
EUR/USD — All Desk Targets
32 desks
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bullish | 1.1600 |
Scotiabank | Bearish | 1.0900 |
MUFG | Neutral | 1.1200 |
From the original
The euro certainly isn't winning any popularity contests these days. A fragile growth outlook alongside surging energy prices and growing fiscal concerns in France has left traders with little reason to cheer for the single currency. And judging by the latest CFTC positioning dat