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Jun 10 - 04:55 AM

EUR/USD - Buying High Is Really Hurting EUR/USD Traders

By Jeremy Boulton  —  Jun 10 - 02:35 AM
  • Traders were short EUR/USD and mulling potential for parity on May 6

  • May 6 EUR/USD range was 1.0750-90 and pair closed 1.0769

  • Thereafter traders established a $9billion bet that euro rises

  • EUR/USD traded above 1.0802 from May 14 when bulk longs added

  • June 10 range 1.0799-1.0748 EBS, most bullish bets are losing

Source:
Refinitiv IFR Research/Market Commentary

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