dynamiquebd

EURUSD MAY BLAST OFF

Long
FX:EURUSD   Euro / U.S. Dollar
A review of the COT report for 21/04/2020 reveals that the Smart money may have been gearing up to accumulate the EUR significantly as price approaches March lows. The hedge funds show aggressive long positioning that coincide with strong support levels. Though the markets expect negative growth in GDP numbers in the coming week, a weakness in dollars may give way for the EUR to soar.
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