It looks worth placing tight protective stops above 1.0620/1.0640 – ING
The post It looks worth placing tight protective stops above 1.0620/1.0640 – ING appeared on BitcoinEthereumNews.com. EUR/USD ended last week higher, just below the 1.06 mark. Economists at ING analyze the pair’s outlook. Positioning is the main factor why EUR/USD is not going any lower Somewhat surprisingly, Friday’s release of euro futures contracts in Chicago saw speculators actually increasing net long positions. Overall, we suspect positioning is the main factor why EUR/USD is not going any lower now. Despite a negative macro backdrop, it looks worth placing tight protective stops above 1.0620/1.0640 against an unexpected correction higher. Source: https://www.fxstreet.com/news/eur-usd-it-looks-worth-placing-tight-protective-stops-above-10620-10640-ing-202310230747
The post It looks worth placing tight protective stops above 1.0620/1.0640 – ING appeared on BitcoinEthereumNews.com.
EUR/USD ended last week higher, just below the 1.06 mark. Economists at ING analyze the pair’s outlook. Positioning is the main factor why EUR/USD is not going any lower Somewhat surprisingly, Friday’s release of euro futures contracts in Chicago saw speculators actually increasing net long positions. Overall, we suspect positioning is the main factor why EUR/USD is not going any lower now. Despite a negative macro backdrop, it looks worth placing tight protective stops above 1.0620/1.0640 against an unexpected correction higher. Source: https://www.fxstreet.com/news/eur-usd-it-looks-worth-placing-tight-protective-stops-above-10620-10640-ing-202310230747
What's Your Reaction?
