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Apr 25 - 06:55 AM

EUR/USD - Traders Keep Buying Into A Stretched Rally!

By Jeremy Boulton  —  Apr 25 - 04:45 AM
  • EUR/USD is pushing the top of 20-day and week Bollinger bands

  • This overbought situation is being ignored

  • Traders recently added roughly $3 billion to their long positions

  • Net $22.5 billion staked on a rise is largest gamble since Jan 2021

  • The broader USD is rising which should concern EUR/USD traders nL1N36S0J4

Source:
Refinitiv IFR Research/Market Commentary

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