In continuation of previous post, the recent COT chart is out and our analysis / opinion and suggestion is as follows.
As per the chart the long positions have not been change, while the only change is happening in short positions. The short positions have decreased for the recent chart, the closing price weekly has also increased a bit. The patter as off now indicates the EUR is on the verge of rise. So we are betting for long position. Again COT is powerful tool as the same time it is a lagging indicator, so is helpful in building long term position from weekly to monthly.
Our Bias, EUR to be LONG
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