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Dec 29 - 02:55 AM

EUR/USD - FX Traders Snapping Up EUR/USD As 2021 Approaches

By Martin Miller  —  Dec 29 - 02:16 AM
  • Daily tenkan and kijun lines remain positive aligned = bullish

  • Scope grows for gains above 2020 Dec 17/18 matching 1.2273 highs

  • Speculative accounts grew their EUR/USD longs the week ending Dec 21

  • IMM net speculative long was 17.99B euros, up from 17.73B euros prev week

  • EBS flow data since Dec 21 shows even more longs may have been established

  • Euro demand could grow in the New Year nL1N2IV0X9

  • EUR/USD has seen a 1.2207-1.2247 EBS range so far on Tuesday

IMM Position Chart: Click here

EBS Flow Data Chart Click here

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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