EUR/USD traders continue to bet against the trend and fundamentals

Traders have been long for all but two weeks this year

Traders encouraged by a ECB chatter have just doubled bets on a rise

EUR/USD has risen 1.0349-1.0765 EBS

This is a small fraction of the decline since Fed spoke of tapering

The target for a 23.6% correction of Fed drop is 1.0801

Target for min tech correction of this year's decline is 1.0787

The trend is your friend, those long or buying should consider that