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Aug 18 - 03:55 AM

EUR/USD - Long Liquidation May Drag EUR/USD Down

By Jeremy Boulton  —  Aug 18 - 02:45 AM
  • Big markets are sending signs of rising risk aversion nL1N39Z0CF

  • FX traders may be inclined to pare risk further

  • Traders have bet over $20 billion EUR/USD rises

  • The unwinding of long position has been weighing in August

  • The target for a correction of Sep-July gains is 1.0608

Source:
Refinitiv IFR Research/Market Commentary

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