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Nov 12 - 08:55 AM

EUR/USD - Some May See This As Their Chance To Buy EUR/USD

By Jeremy Boulton  —  Nov 12 - 06:45 AM
  • EUR/USD challenges 2024 low as Trump trade gains traction nL1N3MJ0FO

  • Despite fast paced slump from year's high, this isn't game changing

  • The pair is trading on well trodden ground nL1N3MI093

  • Base of last year's range is 1.0448 - 2023 range 2nd smallest on record

  • There is a strong chance that EUR/USD remains trapped

  • The drop is a minor retracement of the big 2022-2023

  • EUR/USD currently oversold and traders are short - good spot to book profits

Source:
Refinitiv IFR Research/Market Commentary

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