In Daily time frame, we can see that there is a potential lower high formed but at the same time, the price had come to a previous support area in 4H and Daily time frame too.
From COT report, hedge fun has been closing many shorts and starting to get some longs which means hedge fund might TP all their short positions and intended to buy some longs in order to turn EUR into bullish.
In conclusion, we foresee a long position entry at current price level. If the price break through the support area, we might react and seek for short opportunity accordingly.
Kindly take note that my analysis is based on COT report and technical analysis .
Also, we always reacting to the market instead of predicting the market.
From COT report, hedge fun has been closing many shorts and starting to get some longs which means hedge fund might TP all their short positions and intended to buy some longs in order to turn EUR into bullish.
In conclusion, we foresee a long position entry at current price level. If the price break through the support area, we might react and seek for short opportunity accordingly.
Kindly take note that my analysis is based on COT report and technical analysis .
Also, we always reacting to the market instead of predicting the market.