After counter trading a EUR/USD fall for months, traders turn short

By May 2 traders had flipped to a short position

EUR/USD reached 2022 low at 1.0470 Apr 29 bounced to 1.0642 after Fed meet

EUR/USD down 1.2266-1.0471 as consequence of expected changes in Fed policy

EUR/USD shorts, which are currently tiny, are likely to grow much larger

Next targets for trend influenced by policy are 1.0218 and 0.9956

There is potential for a record short position to grow before EUR/USD bases