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Serving Traders Since 2005
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28th January 2012, 20:53
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28/01/2012 Weekly Currency Futures Sentiment and COT Report
The euro futures downtrend is now over. With commercial traders holding almost 80% in long positions, daily open interest is significantly dropping; we might now call the bottom of this downtrend. We expect the spot price EUR/USD to correct in the coming days. The potential downside is now limited and we recommend buying EUR/USD on pullbacks toward the 1.30 area. To fully confirm the end of the decline, commercials must unload their long positions. Next week we should see a drop in long positions and an increase in shorts.
Please note that Weekly Currency Futures and COT report is now published in PDF format For the full report please click on the link below 28/01/2012 Weekly Currency Futures Sentiment and COT Report 
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