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Nov 25 - 06:55 AM

EUR/USD - Quieter Markets Do Not Suit EUR/USD Traders

By Jeremy Boulton  —  Nov 25 - 04:35 AM
  • EUR/USD traders have bet heavily on a rise

  • So far they have been successful - their bets are profitable

  • They are betting against interest rates and the long-term trend

  • They need sustained momentum and must hope for further tech breaks

  • They are seeing momentum wane and volatility drop

  • One month-vol now 10.7 from above 14 - it is getting quieter

  • EUR/USD is overbought - above 20-week Bollinger bands

  • Rising risk traders book profits - year-end adds to that likelihood





Source:
Refinitiv IFR Research/Market Commentary

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