EUR: Are long positions getting stale? – ING
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EUR: Are long positions getting stale? – ING

EUR/USD has drifted lower to test support at 1.1300 today, ING's FX analyst Chris Turner notes.

A move under 1.1250/1260 today can do some damage

"Recently, we have been saying that the dollar bounce has been lacklustre, but positioning probably means that a move under 1.1250/1260 today could do some damage. Let's see what the US-UK trade deal has to offer."