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17 Jun 2013
EUR/USD unchanged around 1.3350
FXstreet.com (Barcelona) - EUR/USD is last at 1.3348, totally flat from previous weekly close Friday, while USD index is near the key 80.50 level as fresh 4-month lows. G-8 meetings are probably most important event in the hours ahead for the pair.
Latest COT from CFTC shows commercial traders reducing long positions held from around the 1.29 level, adding plenty of new shorts, thus reducing their net long exposure, and increasing open interest. The other side is taken by speculators, big and small, who reduce big time their net short positions, obviously in losses.
Immediate resistance to the upside for EUR/USD shows at Wednesday's highs 1.3360, followed by Friday's Asian session highs at 1.3380, and Thursday's fresh 4-month highs at 1.3390. To the downside, closest support lies at Friday's lows 1.3292, followed by Thursday's lows at 1.3278, and Wednesday's lows at 1.3265.
Latest COT from CFTC shows commercial traders reducing long positions held from around the 1.29 level, adding plenty of new shorts, thus reducing their net long exposure, and increasing open interest. The other side is taken by speculators, big and small, who reduce big time their net short positions, obviously in losses.
Immediate resistance to the upside for EUR/USD shows at Wednesday's highs 1.3360, followed by Friday's Asian session highs at 1.3380, and Thursday's fresh 4-month highs at 1.3390. To the downside, closest support lies at Friday's lows 1.3292, followed by Thursday's lows at 1.3278, and Wednesday's lows at 1.3265.