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Nov 21 - 04:55 AM

EUR/USD - The Telling Effect Of A Big EUR/USD Long Position

By Jeremy Boulton  —  Nov 21 - 02:55 AM
  • EUR/USD traders have established a big EUD/USD long position

  • Following U.S. CPI release bullish bets reached EUR 14.5bln on Nov 15

  • Biggest bet of any kind since Fed said it would taper bonds buys in 2021

  • Longs are more than twice size of shorts held in September

  • Since Nov 15 failure to close over 200-DMA 1.0408 profit taking has weighed

  • Rallies since falling short 200-DMA with Nov 21 dip reaching 1.0253



Source:
Refinitiv IFR Research/Market Commentary

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