Market Sentiment: Optimism for Euro – But Here’s My Plan

According to last CME report, there’s clear bullish sentiment across major currencies trading against the US dollar.

We’re seeing naked calls placed at multiple levels above current prices:

1.38 on GBP
1.295 on CHF
In other words: options traders are pricing in further USD weakness.

This aligns with earlier signals:

1.The JPY 'Butterfly' (still active)
2. The EUR 'Ratio spread' — also still in play
So what’s my move today?

✅ First: I exited all positions this morning.
No overexposure ahead of the Fed decision.

🎯 Now: I’m watching for long entries near the ER zone (see chart).
Notably, just below ER low boundary - put at 1.185 (act as support), which appeared in the report.

The option is worth ~$900K — not huge, but significant enough to catch my eye.

I’ll watch closely — and only enter if price respects it.