From All Star Charts:

They keep on piling into this trade. I've never seen anything like it. This marks the fourth week in a row that net short positions against the euro have reached a new record.

Last week, I wrote a post titled, "10 Things I hate about you: Euro Edition."

I mentioned that I couldn't think of a single person who thought the euro was going higher against the dollar. It remains true. And sure, I look at charts all day and I see all the data. But with this one, it's not even about that. I open my eyes, I talk to people, the negative sentiment is all around us. It's obvious that the street hates the euro.

And this is how a monster trade is born.

The squeeze could be on. According to a report from...

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