FXStreet — The Scotiabank market analysts said that Germany’s Chancellor Angela Merkel recorded a victory in the elections in North Rhine-Westphalia, which was another shot across the bow of the populist movement in the Euro-zone.
The IMM data showed speculative investors to place their bearish bets against the Euro reduced, and instead have net Long positions in the week to 9. May built. This corresponds to the first cops bet on the Euro since 2014.
The Euro bulls were today encouraged mainly by the Price Action, which left the currency pair in the direction of the preceding week highs climbed. In this week’s big options will expire at 1,0950 and even greater at 1.10.
** FXStreet News Editorial, FXStreet**