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Jun 17 - 05:55 AM

EUR/USD - A Glut Of Reasons Why EUR/USD Should Fall

By Jeremy Boulton  —  Jun 17 - 03:45 AM
  • EUR/USD is trading towards base of drop triggered fed Fed/ECB policy

  • Bounces modest and one at 1.0787 met min objective to correct 2022 drop

  • Following sell-off just missed tech target for projected drop from 1.0787

  • Bounces in wake of Fed this week alleviated an oversold situation

  • Bounce reached 1.0579 min tech target to correct drop from Apr high

  • May 16 high at 1.0601 is well below May 30 1.0787 peak

  • The correction would flush weaker betting on a decline

  • Speculative positioning continues to weigh EUR/USD nL1N2Y40C4




EURUSD Bollingers Click here

EURUSD targets Click here

EURUSD 2022 Click here

EURUSD 2021-22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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