Waiting for another confirmation for another entry Euro/US DollarFX:EURUSDOrmirCobaSeasonality for eurusd is bullish right now retail sentiment is bullish on eurusd cot positions for major banks are bearish on eur Goldman keeps euro area Q1 GDP tracking near +0.28%, but stresses that manufacturing resilience may be temporary and linked to inventory-building ahead of supply disruption. Goldman’s oil work is structurally bullish, arguing that a longer Hormuz disruption and higher security premium justify a higher-for-longer price regime. Goldman says that if markets transition from pricing inflation risk to pricing growth risk, USD strength should become less broad, while CHF and JPY outperform more clearly. Westpac says the dollar benefits when uncertainty rises, while bond markets reprice tighter policy as oil feeds through to inflation concerns. The bank reads March PMIs as evidence of slowing growth momentum alongside stronger input and output price pressures. ING’s core view is that it is too early to position for a sustained drop in the dollar or energy prices because Iran retains leverage through high oil and Hormuz risk. ING expects DXY to remain broadly bid in a 99.00–100.00 range and looks for ECB speakers to maintain hawkish rhetoric to anchor inflation expectations. For EUR, ING sees support from tough ECB communication, but not enough to reverse broader dollar demand without real negotiation progress. On EUR/USD, MUFG remains structurally constructive on USD and has explicitly maintained a short EUR/USD idea in earlier notes. MUFG argues that commodity FX underperformance alongside a softer USD is an early warning sign that markets are worrying more about global growth damage. MUFG remains skeptical that optimistic US negotiation headlines will translate into a durable agreement, citing maximalist US demands and hardened Iranian positioning Seasonality for eurusd is bullish right now retail sentiment is bullish on eurusd cot positions for major banks are bearish on eur