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Jan 09 - 02:55 AM

EUR/USD - Traders Steadfast In Their Belief EUR/USD Rises Get Buy Signal

By Jeremy Boulton  —  Jan 09 - 02:25 AM
  • Traders long euro since Sep 2022 are buying again

  • After taking profits in December traders add to longs for three weeks

  • Net long position now $16.3 billion equivalent

  • Bullish bets peaked at $25 billion in July 2023 when pair reached 1.1276

  • Golden Cross buy signal on daily charts - 55-DMA above 200-DMA

  • Current rise began at 1.0448 EBS in Sep 2023 could reach 1.22 nL1N3DY0PR

Source:
Refinitiv IFR Research/Market Commentary

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