Daily chart looking like negative divergence. cot traders have been very short for last 5 weeks. looks like a short. any thoughts
So you are betting the US Dollar is going to rise against the EUR? Probably not in the short run … today was a big news day as will be tomorrow for the USD. Tomorrow, I expect to see another small spike in the intra-day trading like today. If things don’t look good for the USD housing news, the Fed will cut rates again, and the USD will lose more strength next month.
DISCLAIMER: Just my opinions …
I know the non commercial traders are still very long. Thanks for your info on divergence for the upper time frames. Various thoughts that others have are good to know. Thanks again
i agree.i believe that the fed forced will cut rates because of the housing sector,making usd lose its footing in the global market.I SAY LOOK FOR THE EUR IN THE LONG RUN WITH SPIKES FROM THE USD IN THE SHORT RUN. i’m just begining in forex any and all advice would be very helpful. i have a demo account with forex.com.