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eFX Apex

Jul 20 - 04:55 AM

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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