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Big money EUR/USD triggers for shorts at 1.0810 says UBS

A UBS note nominates a breach of 1.0810 in EUR/USD as a trigger for Commodity Trading Advisors (CTAs) to shift into short positions. say its a key level of clustered CTA triggers, and three are more if the euro falls below thereUBS say that CTAs are already short kiwi $, Chinese yuan and yen. A glance at the chart of EUR/USD shows that 1.0810 is a bit of a level, but is it really that critical to turn short? Looks like that ship has sailed IMO. ---A Commodity Trading Advisor (CTA) can be an orga... Read More

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Posted: Aug 22 2023, 22:07

Author Name: forexlive

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