Currency Positioning and Technical Outlook: Correction or Reversal?

Last week the euro was the weakest of the major currencies and the recently beaten up sterling and yen were the strongest. A similar pattern was also evident in the dollar-bloc. The New Zealand dollar had been the strongest and last week had was the weakest, with the Canadian dollar faring…

Read the original here: 
Currency Positioning and Technical Outlook: Correction or Reversal?