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Jun 15 - 03:55 AM

EUR/USD - Do Not Forget That EUR/USD Traders Are Gambling On A Rise

By Jeremy Boulton  —  Jun 15 - 02:40 AM
  • EUR/USD traders are gambling on a rise

  • Traders have been long for all but one week this year

  • EUR/USD has fallen from 1.1495 to 1.0349 this year

  • EUR/USD has dropped 1.0713-1.0397 before today's Fed meeting

  • Traders piled into long positions on back ECB expectations

  • At this stage the vast majority of those long are losing

  • The first opportunity to take a loss is usually the cheapest

  • The weight of longs will tell whatever Fed does or ECB says nL1N2Y20CY

EUR/USD Click here

Refinitiv IFR Research/Market Commentary


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