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Mar 16 - 07:24 AM

EUR/USD - Traders Have Thrown The Towel In

By Jeremy Boulton  —  Mar 16 - 05:45 AM
  • By March 10 EUR/USD traders cut 88% of their bets

  • Net shorts reduced to USD 1.7bln from 15bln

  • EUR/USD has traded towards a neutral point. Midway 2020 range

  • 50% of 1.0788-1.1495 range is 1.1136

  • Next move unlikely fuelled by speculation. It's where investors see safety

  • USD resilience to huge interest rate moves is a sign they favour dollar















EUR/USD fibos: Click here

Source:
Refinitiv IFR Research/Market Commentary

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