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The USD started the NY session off with a vengeance taking out new lows in EURUSD. But as the London session closed, we've seen the EURUSD start to give back it's gains.
It seems clear that the USD is in an uptrend. However, the chances of some type of short squeeze seems likely as we see net shorts increase two week in a row already as of last Tuesdays report. It is very likely this number gained even further this past week with the fundamental events that have occurred.
According to COT Report…
It seems clear that the USD is in an uptrend. However, the chances of some type of short squeeze seems likely as we see net shorts increase two week in a row already as of last Tuesdays report. It is very likely this number gained even further this past week with the fundamental events that have occurred.
According to COT Report…