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Apr 11 - 04:55 AM

EUR/USD - REFILE-BUZZ-Rapid EUR/USD Reverse Is A Very Bearish Indication

By Jeremy Boulton  —  Apr 11 - 02:50 AM

Adds chart

  • EUR/USD has dropped swiftly from Asia's 1.0955 high to 1.0876 EBS

  • Friday's 1.0837 low is at risk, also 2022 low at 1.0806

  • Traders adding to bullish bets exacerbates downside risk IMM/FX

  • The oversold situation that stemmed EUR/USD's decline is easing

  • Benchmark EUR/USD vol at 8.6 is low

  • It is unlikely that traders are sufficiently hedged for a further decline

  • An adjustment of bets and options positions is set to weigh EUR/USD

  • Demand for dollar is likely to intensify nL2N2W90BM



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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