Media reports over the weekend, one bad and one not-so-bad, sent investors of the Euro-Dollar into defensive mode. Since the currency markets opened for the trading week, bearish posturing has been the norm and it’s no different among traders on the OpenBook who have been selling short by a ratio of 15 to 1. Guru NMarijus, who late last week closed off his two longs with a loss, appears now to be solidly in the bear’s camp with two short positions. However, trader pyruss, who had said he wanted to take the weekend to possibly reconsider his positioning, may be expecting a short bull run as he earlier opened up a long position in the Euro-Dollar targeting 1.2930 which is already in the money. Read more