Euro Demand Remains at 5-year High but Technical Picture Calls for Caution

The European currency posted record-high appeal among speculators for several years, showed the latest CFTC report. Net long speculative position rose to a 5-year high in the week ending Aug 4: Extreme speculative bias calls for caution in assessing prospects of further Euro rise and played itself as a corrective factor: Classic “double top” in […]

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