EURUSD (Fibre) Monthly Analysis

FX:EURUSD   Euro / U.S. Dollar
Based on COT (Commitment of Traders) indicator, it appears that the institutional sellers have been closing off shorts. Not clear if they've been loading up on longs, but a vacuum is being created in the Asks that will lead to an inevitable rise in fibre price imo             . Looking at levels, i really like the 1.23 level for an end to this correction before we head down to parity... DXY             , as always, is the wild card but I think given the COT data it's clear that shorts are drying up
Looks good to me
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