• Traders pare bets on euro rising from $5.2 billion to $4.7 billion

• Bullish wagers reached $6 billion in April

• Pair currently trapped between Apr 17 peak 1.1849 and Apr 30 low 1.1650

• Top and bottom 20-day Bollinger Bands (1.1813-1.1737) may contain

• Quiet heightens chance move toward daily cloud twist near 1.1660 May 21

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EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)