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Jan 04 - 06:55 AM

EUR/USD - Rush To Reestablish Longs Will Probably Drive EUR/USD Even Higher

By Jeremy Boulton  —  Jan 04 - 04:55 AM
  • EUR/USD traders lightened their load at the end of 2020

  • Longs were pared from $23.6 bln USD equivalent to current $21.8 bln

  • Start 2021 has seen EUR/USD rallying, likely as longs re-established

  • Wider conditions reflect a great will to gamble nL1N2JF0BCnL1N2JF0FB

  • Traders were long a record $31.3 bln in August and that may be exceeded

  • Longs will strangle the bull trend, more likely when pair reaches 1.25-1.26



EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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