Here on the Euro Index we have a Gartley Pattern that has completed and completed a T1 set up! I think we are going to see PA retrace into the PRZ. From a techinical standpoint.
Now on to the COT Data.
The COT indicates that the Euro is still a strong buy! The big players are still increasing their positions fueling the trend up on the Euro. Selling the Euro long term right no is probably not the most adviseable. This does not surprise me as the DXY just flipped to a bearish market and the Euro is driving higher. the Euro makes up 50-ish% of the DXY.
the follwong is the COT net Data:
Commercials: Current== (155k) // previous== (133k)
Non-Coms: Current== 117k // previous== 95, 649
I have been slow posting recently becasue as some might have seen i have been saying i have wanted to add fundamentals to my trading and i had a friend of mine here on trading view provide some good reading material on fundamentals. Once i finally finish up some of my readings i will be more active!
Now on to the COT Data.
The COT indicates that the Euro is still a strong buy! The big players are still increasing their positions fueling the trend up on the Euro. Selling the Euro long term right no is probably not the most adviseable. This does not surprise me as the DXY just flipped to a bearish market and the Euro is driving higher. the Euro makes up 50-ish% of the DXY.
the follwong is the COT net Data:
Commercials: Current== (155k) // previous== (133k)
Non-Coms: Current== 117k // previous== 95, 649
I have been slow posting recently becasue as some might have seen i have been saying i have wanted to add fundamentals to my trading and i had a friend of mine here on trading view provide some good reading material on fundamentals. Once i finally finish up some of my readings i will be more active!