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