Model buyers in eurusd seen earlier today before push lowers but imho, market needs to push back above 1.2919 to maintain any bullish bias. Barcap thinks that eurusd below 1.2920 is targeting 1.2830 and needs to close above 1.30000 for a push 1.3350 medium-term. Gold specs on the other hand are said to have increased heavily creating bias for push lower to trigger stops at 1752 level and below 1748 level
currently according to citi 52% are short on eurusd which makes the sell side slightly over stretched
No comments:
Post a Comment