EUR/USD: Next real support level will probably be at 1.0700 – ING EURUSD Banks
Squeezing still in progress
We must remember that EUR/USD was the biggest G10 long positions entering the US debt-ceiling chaos, and since the latest development turned out to be positive for the Dollar, we are probably seeing a substantial long-squeeze in the pair.” rate expectations, so it’s risky to pick a bottom in EUR/USD. The next real support level will probably be at 1.0700.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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