• EUR/USD 1.0907-1.0992 EBS range on Tuesday

• Centre 1.2349-0.9528 extremes traded since 2021 is 1.0938

• The neutral spot does not suit speculation

• Traders are betting euro rises further

• Specs speedily flipped from shorts to longs and bought high

• Move into longs followed short squeeze which lifted pair toward 1.0950

• Where rout S&P 500 halted could prove key for FX markets

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)