Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 01 - 02:55 AM

EUR/USD - Traders Spend 3 Billion Just To Gain Stability

By Jeremy Boulton  —  Feb 01 - 02:16 AM
  • EUR/USD rally stalled Jan 8 within pair dropping 1.2349-1.2054 EBS

  • Since start of Jan traders have purchased another EUR 3.1 billion

  • Net long position has grown to 25.1 billion IMM/FX

  • Pair has stabilized above 1.2000 but little strength to sell into

  • 55-DMA 1.2115 and daily Ichimoku cloud top 1.2117 are key

  • Potentially these points could underpin rising ranges

  • Closing below will probably see specs bail and drop into 1.18-1.19 area



EURUSD Click here

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!