Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 13 - 03:48 AM

EUR/USD - It's A Good Time For EUR/USD Traders To Play Safe

By Jeremy Boulton  —  Feb 13 - 02:30 AM
  • Sharp rise in coronavirus cases boosts risk aversion lifting safer assets

  • EUR is considered a safer asset

  • Regardless if EUR safer than USD or not, EUR/USD bets are biggest FX play

  • If risk aversion rises then traders will pare risk

  • Short covering will lift EUR/USD if bad news continues to build

  • EUR/USD is yet to close/sustain weakness below key fibo at 1.0863

  • 1.0850 option intact. Vols low, traders will plenty of time to sell a break

















EUR/USD: Click here

EURUSD vols and betting: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!