Traders are betting $0.9 billion that EUR/USD drops

Bearish bet is small but traders have bought over $17 billion this year

The unwinding of a large bullish bet hasn't changed EUR/USD much

Pair traded 1.0877 EBS low on Jan 5 - now 1.0764

Daily chart has just recorded a golden cross - 55-DMA rising above 200-DMA

Bullish techs may couple with rising expectations for U.S. easing cycle

Spec positions currently represent little restraint any EUR/USD rise

Potential targets: 1.0825, 1.0886 and 1.1062