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This data is collected as of Tuesday, but released on Fridays. I agree EUR/USD looks to move lower and this level of shorts will make it easier to break into the 110s. The largest downside moves are made when there is selling in a market with no buyers.
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But the euro fell yesterday. And now seems on track to resume it downtrend. The shorts will stay there until the low 120's.
ReplyDeleteThis data is collected as of Tuesday, but released on Fridays. I agree EUR/USD looks to move lower and this level of shorts will make it easier to break into the 110s. The largest downside moves are made when there is selling in a market with no buyers.
ReplyDelete