Risk rally continues with stocks and commodities booming nL1N2JU0H9

FX has lagged these moves but rising risk appetite still clear

EUR/USD longs are FX traders' favourite trade

Relatively safe, super tight spreads, rapid execution, huge liquidity

If traders want to gamble then EUR/USD will draw traders

Most traders are bullish and have been prepared to add at high levels

Recent elevated consolidation over 1.20 is a bullish sign. 1.25-1.26 likely

ECB set to hold, and that's a problem nL1N2JV0J5