EUR/USD Turns from Critical Resistance But With Limited Inspiration (Quick Take Video)

Talking Points:

• EUR/USD posted a modest technical reversal clearing 1.2000 in the process of a retreat from much more critical resistance near 1.21
• Speculative futures traders built up their net long Euro position to a record last week while retail traders remain deeply net short
• This looks to be a genuine 'path of least resistance move' but does that entail a deeper retreat into range for EUR/USD?

See how retail traders are positioning for the EUR/USD - and other currencies, indicies, commodities and Bitcoin - using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)



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