Good afternoon traders and happy new year to all!
As per COT data snapshot posted in our channel, our view on EURUSD remain bullish thoughout this week. We will be waiting for optimal entry to enter buy. Our target is 1.07727
You may see decrease in volume, however this doesnt mean reversal is coming. According to COT report, we see that alot of long and short postitions were closed by hedge funds and banks, therefore there is a decrease in volume. We suspect, they would be entering buys at a better price.
We will be looking to enter buys around 1.07000 if all confluences are in favour and there is a confirmation on LTF
Will keep you all posted
As per COT data snapshot posted in our channel, our view on EURUSD remain bullish thoughout this week. We will be waiting for optimal entry to enter buy. Our target is 1.07727
You may see decrease in volume, however this doesnt mean reversal is coming. According to COT report, we see that alot of long and short postitions were closed by hedge funds and banks, therefore there is a decrease in volume. We suspect, they would be entering buys at a better price.
We will be looking to enter buys around 1.07000 if all confluences are in favour and there is a confirmation on LTF
Will keep you all posted
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