Flash: COT EUR sentiment improved for second week - Scotiabank

FXstreet.com (Barcelona) - Camilla Sutton, Chief Currency Strategist at Scotiabank notes that sentiment towards EUR has improved for the second consecutive week.

Key Quotes

“The net long position now stands at $2.7bln - modest relativ to its October high but still the largest among its peers.”

“Details are suggestive of increasing risk appetite, as both gross long and gross short positions are rising.”

EUR/GBP declines from overnight high

Having posted an overnight high at 0.8377, EUR/GBP has declined to post a low at 0.8354 where the hourly 50 SMA can be found.
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