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Jul 20 - 04:55 AM
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EUR/USD - Traders Unconvinced By The Bounce
By Jeremy Boulton — Jul 20 - 03:16 AM
• EUR/USD reached 2026 low at 1.1325 in June
• Pair then bounced to reach 1.1472 on July 2
• Traders continued to pare longs
• Net short ($2.3 billion) emerged on July 7
• Net short was trimmed to $1.8bln week Jul-7-14
• EUR/USD 1.1482 Jul 15, dropped to trade 1.1424-45 Jul 20
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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