At the moment, the trading instrument is probably in a bullish trend since the price structure of this instrument constantly updates HIGH and LOW, moreover, based on Elliott wave theory, the target level is the price range 1.12400-1.14400.
The data from the SoT reports on the EUR/USD pair reflect a noticeable increase in bullish sentiment in the European currency, expressed in a 3% increase in buyers.
The data from the SoT reports on the dollar index (USDX) reflect the growth of bearish sentiment in the US currency. Traders have reduced their net position on USD growth in the last week.
Based on my vision of the market, I can add the following, given the situation on the market speaks of manipulation of hayami, which, as I think, will be reflected on the price chart in the form of growth, where we will enter the market for sale.
The data from the SoT reports on the EUR/USD pair reflect a noticeable increase in bullish sentiment in the European currency, expressed in a 3% increase in buyers.
The data from the SoT reports on the dollar index (USDX) reflect the growth of bearish sentiment in the US currency. Traders have reduced their net position on USD growth in the last week.
Based on my vision of the market, I can add the following, given the situation on the market speaks of manipulation of hayami, which, as I think, will be reflected on the price chart in the form of growth, where we will enter the market for sale.
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