COT reports analysis and market overview for September 4 - 10 (Euro)

COT reports analysis and market overview for September 4 - 10 (Euro)

4 September 2017, 11:57
OptionClue
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Euro remains in the bullish trend, the market is in the correction. The correction will most likely come to an end this week and a pullback signal will appear or the trend on the Daily timeframe will reverse. Anyway this asset may be interesting for medium-term trading. Bullish positions will remain relevant as long as the market remains above the support level of the Daily timeframe, the lows of August 15-18.

EURUSD. Technical analysis and COT net position indicator.

EURUSD. Technical analysis and COT net position indicator.

COT net position indicator decreases, the general direction of its movement does not correspond to the technical condition of the market. This suggests that the probability of buying opportunities success is below the average and the position size reduction in case of signals occurrence in the direction of the trend may be a good idea

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