Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 06 - 04:55 AM

EUR/USD - Traders Now Ill-Prepared For A Bullish Situation

By Jeremy Boulton  —  Sep 06 - 02:51 AM
  • EUR/USD longs slashed to $1.54 billion, smallest bet since uptrend began

  • March 2020 traders turned long with pair rising from 1.0636

  • August 2021 pair meets minimum tech objective to correct that rise at 1.1695

  • Pair swiftly resumes its rise reaching a one-month high at 1.1909 after NFPs

  • July 20 pair also topped at 1.1909 but then betting very different

  • End June traders excited after Jun 16 Fed were long EUR/USD equiv 13 bln

  • Paring of those bets was the fuel for Aug's low at 1.1664

  • There is almost no fuel to turn EUR/USD back down, lots to fuel a rally

  • FX traders court disaster with huge bet on USD nL1N2Q80AM




EURUSD daily Click here

EUR/USD weekly Click here

EURUSD bets Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!