EUR/USD rise suits traders who are betting on a rally

Traders have staked an unusually large amount on this outcome

Mid-February traders were long equivalent of $22 billion

Bets in excess of $25bln usually have a material impact on EUR/USD

The important factor is that many of those long are making money

Taking bigger profits in period of uncertainty should be an easy decision

Oil slide could underpin EUR/USD in the longer-term nL1N35N0II