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Feb 13 - 03:48 AM

EUR/USD - It's A Good Time For EUR/USD Traders To Play Safe

By Jeremy Boulton  —  Feb 13 - 02:30 AM
  • Sharp rise in coronavirus cases boosts risk aversion lifting safer assets

  • EUR is considered a safer asset

  • Regardless if EUR safer than USD or not, EUR/USD bets are biggest FX play

  • If risk aversion rises then traders will pare risk

  • Short covering will lift EUR/USD if bad news continues to build

  • EUR/USD is yet to close/sustain weakness below key fibo at 1.0863

  • 1.0850 option intact. Vols low, traders will plenty of time to sell a break

EUR/USD: Click here

EURUSD vols and betting: Click here

Refinitiv IFR Research/Market Commentary


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