EURO DOLLAR ANALYSIS

11 thg 9, 2018

Looking for shorts on the euro from around 1.165 to 1.1725. Looking at this week's COT data we can see that non-commercial traders exited 13,206 shorts on euro futures, which may cause some bullishness but the euro is still bearish. Despite the trade war concern, the US economy is still solid and with an expected rise in CPI this week it may be strengthened.

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