09.01.2018 • 13:00 GMT
EUR/USD Turns from Critical Resistance But With Limited Inspiration
• 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?