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Aug 25 - 03:55 AM

EUR/USD - Softer IFO Could Spur Further EUR/USD Liquidation

By Jeremy Boulton  —  Aug 25 - 02:26 AM
  • IFO at 8GMT seen 100.4 in August from 100.8, Expectations 100.0 from 101.2

  • EUR/USD traders sitting heavily long into the event nL1N2PV0DC

  • A large number of those long bought recently and are out of the money

  • There is high probability trades look to exit stale positions

  • EUR/USD is trading ranges in lower half 20-day Bollinger bands 1.1773-1.1646

  • Pair currently elevated within bands which should encourage sellers




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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