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Dec 09 - 04:55 AM

EUR/USD - Where EUR/USD Might Go If The Bullish Bet Goes Wrong

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

Refinitiv IFR Research/Market Commentary


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