A review of Engrbytrade™ futures trader positions indicates the Euro is expected to continue a long term decline going into 2024 and 2025. Engrbytrade™ Euro futures trading data calculation results from July 21, 2023 are similar to the results received on April 13, 2018 and January 29, 2021, as shown in the first chart below. U.S. Dollar calculations also indicate that futures traders are still not positioned for a move in the U.S. Dollar to higher levels, as shown in the second chart.
Charts courtesy of StockCharts.com.
