By Jeremy Boulton — Oct 04 - 05:00 AM
Traders are betting EUR/USD rises but pair now dropping
Rally failed at 1.1214 ahead of important upside levels
Since trading 2024 peak pair has dropped to 1.1008 in just 6 days
Gambling is a popular past time but most gamblers lose
Traders have taken the long odds by betting on a break
Bookmakers look set to win with EUR/USD returning to neutral level
Mid-point of this year's range is 1.0908
FX markets could turn ugly nL1N3LG06U
Source:
Refinitiv IFR Research/Market Commentary