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