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Aug 16 - 03:55 AM

EUR/USD - No Longer Oversold After Rally Stopped Right On The Money

By Jeremy Boulton  —  Aug 16 - 02:32 AM
  • EUR/USD sell-off became stretched last week with pair below 20-day Bolingers

  • Friday's short covering lifted pair back to neutral ground and pair topped

  • Friday's high 1.1804 compares centre Bollingers at 1.1800

  • Today's 1.1787-1.1800 range unfolds below centre bands at 1.1800

  • Number of longs reduced to $4.95bln, smallest since March 2020 IMM/FX

  • Volatility rose slightly to 5.2, and busier markets are likely after August

  • EUR 500mln expiries at 1.1750 today and no data until U.S. Tics at 20GMT



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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