fxs_header_sponsor_anchor

News

EUR/USD - Risk reversals at 4-month high, 1.20 soon?

  • EUR/USD risk reversals validate bullish technical breakout

EUR/USD closed above 1.18 levels for the first time since Sept. 22. Having defended the key descending trend line support last week, the pair moves higher in a move that qualifies as a bullish break. The charts indicate scope for a rally to 1.20 (psychological level) and 1.2092 (yearly high).

Risk reversals at 4-month high

The one-month 25 delta risk reversals gauge rose to a 4-month high of 0.45 on Friday, suggesting increased demand for the EUR calls. It adds credence to the bullish technical breakout on the charts and could yield a move to 1.20 or 1.2092.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.