We for taking live position for trading the pair take help of COT charts, when the price is making move in flat channel may be on 4 hour chart or on Daily charts. The tool is lagging indicator and positions are to be build when you will be carrying the trade for weekly to monthly basis. When this COT chart is coupled with regular RSI could give wonderful insights, We normally use poly line on 4h chart / daily chart. Now coming to making a decision to trade this pair, Both non commercial per se long /short are widen enough and the price closing weekly has been moving in upward direction , so the basic call is to long our positions, Looking for the extremes call for a flip of positioning happening in market. We have checked through our matrix of go no go gates, waiting for EUR boss speech.
Happy Trading
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