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Mar 11 - 04:55 AM

EUR/USD - Traders May Tire Of Their Heavy Burden

By Jeremy Boulton  —  Mar 11 - 04:10 AM
  • EUR/USD continues to frustrate traders betting it rises

  • Pair dropped from 1.1139 on Dec 28 to 1.0695 on Feb 14

  • Traders slashed longs in this period from $20 bln to $7bln

  • Specs added to longs during following rise which reached 1.0980 Friday

  • Longs now $9bln and rally stretched above 1.0958 peak 20-day Bollingers

  • Profit taking is likely to weigh with strong chance pair trapped

Source:
Refinitiv IFR Research/Market Commentary

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