[B]EUR[/B][B] Signal: [/B][B]Bearish but very close to an important bottom[/B][B][/B]
[B]EUR[/B]: The % of total commercial positions that are long measured through a 52 week percentile is at 94 and the % of total speculative positions that are long measured through a 52 week percentile is at 20. The 13 week COT index is at 0 and argues for a EUR low to form in the next week or two.
[B]USD Signal: Bullish[/B]
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[B]USD:[/B] The % of total commercial positions that are long measured through a 52 week percentile is at 10 and the % of total speculative positions that are long measured through a 52 week percentile is at 73. Speculators are buying dollars right now and hedgers are selling. The dollar will continue to gain until a short term bullish extreme is registered.