EUR/USD Targeting 1.04100 and 0.9700EUR/USDOANDA:EURUSDSergioRichiEUR / USD (2W) Hedge funds are trimming net long EUR/USD positions, with COT data showing net longs at 118.7K contracts (week ending August 26, 2025), down from 123.4K, and shorts growing, indicating bearish shifts. Funds like Bridgewater and Soros are likely adding shorts amid tariff risks. Economic data / Rates: • Eurozone inflation at 2.1%, GDP +0.1% QoQ, and US tariffs threaten 0.5-1% GDP cut, prompting ECB rate-cut talks. • Eurozone GDP +0.1% vs. US +0.8%, unemployment ~6.4%, PMI ~50.1. 2025 growth forecast at 0.9%. • ECB likely to resume cuts post-September (from ~2.0%), Fed at 4.25-4.5% with 80% odds of a September cut, widening the gap. My View: EUR/USD likely to drop from 1.16400 to 1.04100 short-term, 0.9700 long-term (1:10 risk-reward, stop at 1.17575). Watch ECB Sep 11, Fed Sep 17, US NFP. Entry: $1.16400 🎯 Take Profit 1: $1.04100 🎯 Take Profit 2: $0.9700 Stop Loss: 1.17575 #EUR #EURUSD #Trading