By Jeremy Boulton — Dec 09 - 02:50 AM
EUR/USD traders are broadly long and bets have grown recently
ECB tomorrow and few traders think the CB will impact EUR
Complacency about ECB may be the vulnerability of current bullish bets
Should ECB and EUR/USD surprise, target for correction 2020 rise is 1.1588
Low point for EUR/USD during recent consolidation was 1.1602
Correction target can be reached easily without turning the bullish trend
Probability of a year-end dip may be much greater than currently expected
EUR/USD Click here
Source:
Refinitiv IFR Research/Market Commentary