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Thomson Reuters
Sep 11 - 05:00 AM
EUR/USD - With No Shorts To Squeeze Brexit Boosted EUR/USD May Top
First appeared on eFXplus on Sep 11 - 02:55 AM
  • EUR/USD up on the back of GBP/USD's rise and positive assumptions for Brexit
  • 1.1578-1.1628 rise EBS. Big difference between two pairs is spec positions
  • GBP traders are short and vulnerable. EUR traders are long IMM/FX
  • Where GBP squeeze may develop, EUR may top as USD dominance is reasserted
  • ZEW today f/c -14.0 vs -13.7, given weak Sentix may well surprise lower
  • Strong resistance @ daily cloud 1.1649-81 and 100-DMA 1.1692

EUR/USD daily Click here

Source:
Thomson Reuters IFR Markets

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