EUR/USD Outlook is Fundamentally Bearish.

I don't think there is a question as to the stance of Mario Draghi and the ECB's monetary policy sentiment.  It is very clear that on a scale of dovishness, the administration lies somewhere between the BoJ and the Fed.  At the current value of the EUR this leaves a lot of room open for downside risk.  Thus I refuse to take positions long in this currency pair at the moment and the outlook for EUR/USD remains decisively bearish.