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Jun 13 - 05:55 AM

EUR/USD - REFILE-BUZZ-EUR/USD Traders Should Worry That It's No Longer So Oversold

By Jeremy Boulton  —  Jun 13 - 03:35 AM

Adds traders to headline

  • EUR/USD was oversold when it bounced in March and May

  • In March pair was oversold daily, weekly and monthly charts

  • It is no long oversold and traders still bet it rises nL1N2Y00D3

  • Base of 20-day Bollinger bands has dropped to 1.0258

  • Base 20-day is 1.0466. today's low 1.0469, may see a bounce

  • Base 20-month now 1.0500 and falling steeply


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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