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Apr 19 - 03:55 AM

EUR/USD - Traders Are In A Horrible Position

By Jeremy Boulton  —  Apr 19 - 02:50 AM
  • EUR/USD traders have doubled longs since March 22

  • EUR/USD has fallen steadily since March 22 from 1.1045 to 1.0758

  • It is extremely rare to double up and escape a bad position

  • There is a high probability that much bigger losses result

  • A flip to short positions is likely to occur this year

  • The exit from longs will put great pressure upon EUR/USD nL2N2WC0F9


EUR/USD longs Click here

Source:
Refinitiv IFR Research/Market Commentary

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