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Jul 11 - 02:55 AM

EUR/USD - Keeps Falling But Traders Won't Embrace The Trend

By Jeremy Boulton  —  Jul 11 - 02:30 AM
  • EUR/USD keeps falling but speculators won't embrace the trend

  • Drop is supported by techs and fundamentals

  • The pair has dropped almost 2200 points since Fed signalled a taper

  • Spec bets on a drop are just 2.1 billion dollars

  • This compares to 30 billion wagered on USD rising when Fed tightened in 2015

  • In 2015 (eurozone crisis) the EUR/USD drop stopped at 1.0457

  • This year EUR/USD has already reached 1.0072 and still specs won't sell




Source:
Refinitiv IFR Research/Market Commentary

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