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Refinitiv
Jan 15 - 07:55 AM

EUR/USD - Good Chance EUR/USD Heads Higher And A Big Spot To Watch

By Jeremy Boulton  —  Jan 15 - 06:00 AM
  • EUR/USD consolidates 1.0448-1.1139 Sep-Dec rise mainly between 1.09 and 1.10

  • An elevated pattern following big gains also happening when traders long

  • Traders have over $16bln wagered on a rise compared $20bln in Dec

  • Oversold in September to almost overbought in December

  • Good chance of a bigger rise when rate cuts spur more gambling nL1N3E50LM

  • The 200-WMA at 1.1153 is key - big gains may follow close above

Source:
Refinitiv IFR Research/Market Commentary

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