Euro Currency Holding 1.2500, record short spec positions

by Joe Oliver, Forex Trading-Pips

Euro currency is currently holding above 1.2500 in early trading on Tuesday having recently traded at the lowest levels since July 2010. The European currency has lost over 5% in value through May with speculators taking short euro positions to record highs in the week ended May 25.  Italy is scheduled to sell 3.5 billion euros of five-year notes and 2.75 billion euros of 10-year debt tomorrow.

 

Euro Currency Daily Bars

Euro Currency Daily Bars