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Dec 13 - 07:55 AM

EUR/USD - Position Shift Fails To Lift EUR/USD, Downside Risk Grows

By Jeremy Boulton  —  Dec 13 - 05:43 AM
  • Traders pare EUR/USD shorts by 2.1 billion dollars between Nov 30-Dec 7

  • Net short now $1.2 billion from $3.3 billion

  • EUR/USD traded 1.1235-1.1387 EBS range on Nov 30, opening 1.1288

  • Dec 7 opened 1.1284 then traded 1.1228-1.1299, closed 1.1268

  • Since Dec 7 EUR/USD has traded a series of lower daily highs

  • Fed/ECB to diverge further weigh EUR/USD nL4N2SY09X

  • EUR/USD may drop to base 20-day Bollinger bands at 1.1206 ahead Fed




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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