EUR/USD Tumbles Below 1.17 As Near-Record Longs Begin To Unwind

For the first time since July 28th, following the post-FOMC surge to 1.19, EURUSD has dropped back to a 1.16 handle…

And EURCHF is really tumbling…

As it appears the near-record long speculative position in the euro is starting to unwind…

The question is – what happens next?

 

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