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Oct 12 - 02:55 AM
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EUR/USD - Bigger Euro Shorts And A Stretched Drop Point To An EUR/USD Rebound
By Jeremy Boulton — Oct 12 - 02:28 AM
• Traders added 5 billion euros to net short in week to Oct 9
• Net speculative position short rose from $9 bln to $14bln
• EUR/USD traded 1.1161-1.1276 EBS week to Oct 9
• On Monday Oct 12 EUR/USD range is 1.1185-1.1217 EBS
• The larger short heightns the chance of a reversal
• Drop currently stretched at base 20-week Bollinger bands
•
EURUSD and betting
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters