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Jan 21 - 04:55 AM

EUR/USD - Growing Will To Gamble Will Fuel Bigger EUR/USD Rise

By Jeremy Boulton  —  Jan 21 - 02:45 AM
  • Risk rally continues with stocks and commodities booming nL1N2JU0H9

  • FX has lagged these moves but rising risk appetite still clear

  • EUR/USD longs are FX traders' favourite trade

  • Relatively safe, super tight spreads, rapid execution, huge liquidity

  • If traders want to gamble then EUR/USD will draw traders

  • Most traders are bullish and have been prepared to add at high levels

  • Recent elevated consolidation over 1.20 is a bullish sign. 1.25-1.26 likely

  • ECB set to hold, and that's a problem nL1N2JV0J5


EURUSD targets Click here

Source:
Refinitiv IFR Research/Market Commentary

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