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Jul 24 - 04:55 AM

EUR/USD - Sooner Or Later EUR/USD Bets Will Undo The Bull Trend

By Jeremy Boulton  —  Jul 24 - 02:40 AM
  • Today's IMM data more important than usual. Number bullish EUR/USD bets key

  • Unlikely bets big enough to stop EUR/USD rising yet, but one day will be

  • Record long position circa 20 billion. Around 40% bigger than July 14 2020

  • Biggest ever spec bets were shorts held during eurozone crisis

  • Those were around EUR 26bln, near double number of current longs EUR 14bln

  • Peaks in betting ahead turns likely when bets grow close to 20 bln euros

  • EUR/USD longs are currently offering traders safety nL2N2EV07H



EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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