How far recovery of USD has to run depends on how large share of trend followers was – Commerzbank

How far recovery of USD has to run depends on how large share of trend followers was – Commerzbank DollarIndex EURUSD Banks

EURUSD’s trend ended around 1.04

“Please, dear readers, so not expect that as an analyst looking at fundamental reasons, I would be able to give even a half-way reliable estimate of this share. To be able to do that I would need data that is not available: data on who had previously entered USD sales and for what reasons.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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