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shadowdove
Oct 6, 2018 6:55 AM

Daily EUR / USD - SHORT.  

Euro Fx/U.S. DollarFXCM

Description

Things are still pretty uncertain with the FED unwinding the balance sheet which has never been done before, the technical looks like a short for the euro for now and the COT reports are showing non-commercials pulling long positions and adding more shorts. It looks like there is still a down side to the euro. The yield curve widened on US treasuries.

Things to consider is that US equities are still high and a correction may come soon.

Comment

COT BreakDown here can be found here. imgur.com/a/dUlotei
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