By Jeremy Boulton — Feb 16 - 05:05 AM
Traders have staked $18 billion on EUR/USD rising
Pair rising 0.9528-1.1034 EBS Sep-Feb
Since ECB, Fed meets and NFP's a top has been defined
Pair tumbling to 1.0656 following more strong U.S. data
Traders making money will probably book profits - sell nL1N34U1JE
Weight of long liquidation may drag pair to correction target
A 38.2 retracement Sep-Feb rise is 1.0459
FX traders should worry about yen, not intervention nL1N34W0NE
Source:
Refinitiv IFR Research/Market Commentary