Sunday February 5, 2017 - 13:14:05 GMT
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Amazing Trader And Commitment Of Traders EURUSD Ideas for 3 February 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts are regularly updated on your systems
Trading is all about stops and the Commitment of Traders Reoprt (COT) is all about positioning. Numerous weeks ago The EURUSD recovery The COT presaged the EURUSD technical turn higher. The 20-day moving average is still pointed higher, and in the latest week, net EURUSD shorts fell further. I don't think this postioning can represent a "pure" USD play. I think it must include crosses or hedges.
The AMAZING TRADER charts and the price action suggests that upside stop runs in EURUSD are waning. The EURUSD is no longer heavily oversold. Nevertheless "conventional wisdom" remains that EURUSD is headed for parity, and that looks doubtful.
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