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AlkalineFX
Aug 2, 2020 1:07 PM

EURUSD - Overextended  

Euro Fx/U.S. DollarFXCM

Description

What a run EURUSD has had, been a great performer for the bulls but I sense bears entering the market. The lastes COT report shows a shocking amount of short positions being loaded on the EUR by commercial players.

I have illustrated the potential scenarios for this pair for the upcoming week.
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