eFXdata | EUR/USD - Bullish Signal Unfolding While Traders Sitting Short

By Jeremy Boulton — Aug 26 - 02:14 AM

• EUR/USD 21-DMA 1.1576 crosses over 100-DMA 1.1575 - bullish

• Traders are short euros equivalent to $8.5 billion

• EUR/USD has risen 1.1353 to 1.1711 while traders short

• Dips from Aug peak have been shallow ahead 200-DMA at 1.1632

• Targets for bigger rise: 1.1735, 1.1788, 1.1830, 1.1872

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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