By Jeremy Boulton — Jan 07 - 05:48 AM
• EUR/USD has rebounded from an oversold situation
• The 1.0225-1.0434 rise has alleviated oversold conditions
• Peak of 20-day Bollingers at 1.0537 likely limit for correction
• Top pickers may be drawn toward Dec 30 high at 1.0458
• Short covering will have lessened restraint of bearish bets
• Net $9 billion short position isn't big restraint on downtrend
• Dollar may pause ahead of bigger gains
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters