EUR/USD June Open Range Vulnerable as ECB Sticks to Higher PEPP

eur usd june open range vulnerable as ecb sticks to higher pepp

Sumary of EUR/USD June Open Range Vulnerable as ECB Sticks to Higher PEPP:

  • Nevertheless, the tilt in retail sentiment looks poised to persist as traders have been net-short EUR/USD since April, with the IG Client Sentiment report showing only 35.47% of traders net-long the pair as the ratio of traders short to long stands at 1.82 to 1..
  • The sharp decline in net-long position comes as EUR/USD struggles to retain the rebound from the monthly low (1.2104), while the rise in net-short interest has fueled the crowding behavior as 38.50% of traders were net-long ahead of the ECB rate decision….

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