Investors Dial Back Euro Bears as ProShares UltraShort Euro Sees Notable Outflows
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ProShares UltraShort Euro’s EUO ETF recorded a significant outflow of $1,426,176 on January 06, 2026, trimming bearish exposure to the common currency just as the euro edges higher. The redemption amounts to roughly 4.11% of the fund’s latest assets under management, which stand at $34.67 million, signaling a meaningful but not destabilizing shift in positioning.
The withdrawal suggests that a portion of traders is locking in gains or reducing leveraged bets against the euro after a period of modest appreciation. While EUO is designed to profit from euro weakness versus the dollar, recent flows imply waning conviction in further downside for the currency—or at least a pause in the bearish narrative.
The related asset, FX:EUR-USD, is currently trading at 1.16824, up about 0.52% over the past three months. Despite this gradual climb, short-term signals remain cautious: the 1-day technical outlook on the pair is a Sell, indicating that near-term momentum still tilts toward dollar strength even as longer-horizon moves have been mildly supportive of the euro.
For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.