eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Jul 28 - 06:55 AM

EUR/USD - Bearish Wagers And Lower Oil Will Strengthen EUR/USD Support

By Jeremy Boulton  —  Jul 28 - 06:09 AM

• Number of bets on euro falling recently tripled

• Week to July 24 euro shorts grew to $5.9bln from $1.8bln

• Natgas down 12% last 2 days, oil sliding 17% in 3 days

• The eurozone and euro will benefit from cheaper energy

• Base may form around influential 100-WMA at 1.1310

• Yuan strength, euro resilience may redefine what's safe


EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved