Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 22 - 05:55 AM

EUR/USD - Long Liquidation Has Almost No Impact

By Jeremy Boulton  —  Mar 22 - 03:40 AM
  • EUR/USD longs almost halved in past 7 weeks

  • Net longs USD 25.1 billion equiv end-Jan to USD 13.4 billion Mar 16

  • Start Feb EUR/USD opened 1.2130 closed 1.1952 now 1.1885

  • USD 4.5bln longs were pared first week of Feb (EUR/USD fell 178 pips)

  • USD 7.2bln longs pared since to push EUR/USD down another 67 pips

  • EUR/USD is yet to reach 1.1695, min obj tech correction rise since Mar 2020

  • 38.2% Mar 2020-Jan 2021 rise is 1.1695, low to date 1.1836 EBS

  • 76.4% rise since Nov 2020 is 1.1778






EURUSD longs Click here

EURUSD Mar 2020 Click here

EURUSD NOV 2020 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
© 2021 eFXdata · All Rights Reserved
!