NikitaMarket

EURUSD. There is a possibility of a short-term decline.

Short
OANDA:EURUSD   Euro / U.S. Dollar
At the moment, the trading instrument is likely to rise to the nearest resistance area and begin its decline.

The EUR/USD CoT report data reflects the growth of bullish sentiment for the European currency expressed in the growth of buyers by 1%.
Data from CoT reports on the dollar index (USDX) reflects the growth of bearish sentiment on the US currency (especially among large speculators). Large funds have broken through the lows of the current year in a net position on the growth of the USD, updating the lows for the last 22 months; hedgers are close to it. Large speculators reduced purchases by 5% over the week, sales were also increased. Continuation of this trend may contribute to the decline of the US currency.

Based on my vision of the market, I can add the following, due to the uncertain growth of buyers, I expect the price of the trading instrument to continue to decline from the POC level to the nearest OB.

Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.

CHOCH - Trend change.
BOS - Violation of the structure.
OB - Order block.
POC - the price level at which the largest volumes were traded.

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