EUR/USD: Elevated Spec Positioning Indicates EUR Closed To Oversold Territory – Credit Agricole

EUR/USD jumped higher on the EU Summit deal. Yet it may still be in oversold territory. Here is their view, courtesy of eFXdata: Credit Agricole Research discusses EUR/USD outlook and maintains the view that downside should be limited from current levels. “This is also due to still elevated speculative short positioning, which continues to indicate that the […]

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