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Aug 23 - 04:55 AM

EUR/USD - Traders Are Hurting And Dragging Pair Down

By Jeremy Boulton  —  Aug 23 - 02:50 AM
  • EUR/USD traders returned to long positions between Aug 10-17

  • Bets on a rise jumped from $4.9 billion to $8.4 billion

  • EUR/USD opened 1.1735 Aug 10 and traded between 1.1800-1.1706 Aug 10-17

  • Unfortunately for those long pair closed 1.1707 on Aug 17

  • Aug 19/20 pair dropped to 1.1666-64 EBS before rising to 1.1723 today

  • Slow slide will likely continue within 20-Day Bollingers 1.1779-1.1646

  • Longs have weighed EUR/USD all year and latest gamble ups risk

  • Last week pair closed below 1.1695 which is 38.2% rise from 1.0636





EURUSD bets Click here

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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