EUR/USD traders sat a rough $22 billion long throughout February

As of Feb 21 the bet was still $21.7 billion (EUR/USD 1.0550)

EUR/USD peaked at 1.1034 on Feb 2 and reached 1.0524 EBS on Mar 5

SVB collapse has spurred rise to 1.0737 nL8N35L1C9

This is the centre of recent ranges and a more profitable exit point

Usually during periods of heightened uncertainty traders pare risk

For traders to pare risk more profitably seems a no-brainer