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Jun 10 - 07:55 AM

EUR/USD - CORRECTED-BUZZ-EUR/USD And The Beauty Of Mathematics

By Jeremy Boulton  —  Jun 10 - 05:35 AM

Replaces chart and amends targets to 1.0517/1.0349 from 1.0522/1.0355

  • In 2022 EUR/USD sank from 1.1495 peak to 1.0349 low

  • Ahead June ECB meeting pair rallied

  • EUR/USD reached 1.0787 (38.2% 1.1495-1.0349)

  • It has subsequently dropped reaching 1.0590 EBS

  • Thanks to ECB speculation traders tripled bets on a rise nL1N2XV0RL

  • Long liquidation may fuel drop towards 1.0517 and 1.0349 targets

  • A simple EUR/USD strategy for the year ahead nL1N2XX0CR




EURUSD retracements Click here

EURUSD targets Click here

Source:
Refinitiv IFR Research/Market Commentary

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