The Aussie is clawing back some ground

EUR/USD: Last IMM reporting week (as per last Tue’s close) Speculative accounts added to net EUR longs and reduced shorts – both directly and indirectly as an aggregate measure. This is reflected in the move higher in spot. The market seems to open this week on a balanced note, still very close to a medium-term 1.3418 key ref. To depict renewed selling pressure, near-term support at 1.3205/1.3188 must be taken.

Read the full report: Technical Alert



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