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Sep 30 - 05:00 AM
EUR/USD - No Quick EUR/USD Recovery Likely But A Drop Could Shock
First appeared on eFXplus on Sep 30 - 02:45 AM
  • EUR/USD topside is well trodden ground reflected by masses option expiries

  • Today EUR 7.1bln expires 1.0870-1.1025, 4.6bln 1.0870-1.0920

  • In contrast EUR/USD has not traded below 1.0900 for almost 2 1/2 years

  • Number short EUR/USD fell in latest week and was not large anyway IMM/FX

  • Forecasters expect a rebound, low seen by anyone/anytime is 1.0500 FXPOLLS

  • Traders have prepared/expect a rise, few see a bigger drop, yet trend down















EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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