Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 02 - 04:55 AM

EUR/USD - Risks Of A Bigger EUR/USD Drop Have Grown Substantially

By Jeremy Boulton  —  Nov 02 - 02:40 AM
  • EUR/USD has broken below daily Ichimoku cloud and 100-DMA

  • Cloud base at 1.1696 is set to weigh on recoveries

  • Today's 1.1630-54 range EBS has unfolded below 100-DMA 1.1657

  • Traders pare more longs but many longs remain intact, to weigh

  • Net long USD 22.9bln equivalent vs prior USD 24.5bln

  • Record bet was USD 31.3bln in August. A modest 27% reduction

  • 1.1488 is the target of a correction of 2020 rise, 38.2% retrace from 1.2014



EURUSD Click here

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!