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Jan 18 - 06:55 AM

EUR/USD - Rapid EUR/USD Rebound Should Encourage Speculators

By Jeremy Boulton  —  Jan 18 - 04:50 AM
  • Tuesday pair dipped to 1.0775 - Wednesday pair rises 1.0767-1.0860 EBS

  • Jan high at 1.0874 at risk following swift recovery

  • Traders betting heavily EUR/USD rises nL1N3420ND

  • Rebound should encourage traders to hold or perhaps add to longs

  • Top 20-day Bollinger bands 1.0898, 50% fall after taper announced 1.0897

  • Top weekly Ichimoku cloud 1.0930, 50% 2021-22 drop is 1.0938

  • Option and corp supply should be significant throughout 1.09-1.10

  • The surging price of oil is bad news for FX traders nL1N3430LL





Source:
Refinitiv IFR Research/Market Commentary

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