The latest FX volume data aggregated from Barclays’ FX trading platforms, such as BARX, and third-party trading platforms, including FXAll and 360T shows lack of investors’ interest in EUR/USD at higher levels suggesting a topping risk.
“EUR/USD activity has been declining as price moves toward the highs near 1.3900. This signals lack of investor interest to buy at higher levels and a scope for a top to develop,” Barclays clarifies.
In the chart below, Barclays outlines this volume analysis for EUR/USD.
