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Aug 12 - 03:55 AM
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EUR/USD - Bullish EUR/USD Signal Would Be A Worry For Traders Betting On A Drop
By Jeremy Boulton — Aug 12 - 02:54 AM
• Bullish signal if 21-DMA 1.1470 rises over 55-DMA 1.1482
• Speculators are betting over $8 billion that the euro drops
• Bets on a drop were created when pair was lower
• Few shorts have been pared during 1.1352-1.1580 rise
• Short squeeze may follow any close over 100-DMA at 1.1567
• Traders heavily long USD ahead of US CPI report
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters