Speculators increased their net long U.S. dollar | 17 January 2022

17 January 2022, EUR/USD

EURUSD trading plan:

Speculators increased their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data. The value of the net long dollar was $19.34 billion in the week ended Jan. 11, compared with a net long of $18.87 billion the previous week. The Federal Reserve has clearly ratcheted up its new year anti-inflation rhetoric to match red hot labor markets and consumer price gains - but the speed and breadth of its tone change may have as much to do with forcing money markets to take it more seriously.

Investment idea: sell 1.1439 and take profit 1.1380.

David Johnson
Analyst of «FreshForex» company
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