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Thomson Reuters
Jun 25 - 05:00 AM
EUR/USD - Month-End Talk To Inspire EUR/USD Buying At The Highs
First appeared on eFXplus on Jun 25 - 03:00 AM
  • Talk of very large dollar selling is emerging in relation to month-end
  • Equity rebalancing flows notoriously hard to predict but FX specs follow
  • Such talk will inspire traders to buy EUR/USD at now elevated levels
  • The biggest month-end move often proves to be spec unwinding
  • Profit taking EUR/USD sales, perhaps stops, may outweigh equity linked flow
  • EUR/USD has also reached must sell levels for corps, CBs, other real money
  • EUR/USD has traded 1.12-1.15 most 2019, These are poor level to enter longs

EUR/USD weekly Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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