How Institutions Position Themselves In Euro/Usd This Week
This week, institutions had a modest increase in net longs ,which was shown in the latest COT as of Tuesday, Sept 25, 2018.
The institutions net long Euro positions increased last week by 2,030 contracts to positive 3,696 contracts,
5,958 long positions were added, and 3,928 short positions were added as well. Now Longs total 172,426 contracts vs shorts total 168,730 contracts .
51% long exposure vs 49% short exposure, which 1% increased in longs and 1% decreased in shorts from the previous week
During COT week, Euro started at 1.1664, rallied to 1.1815 high, closed at 1.1765
In spite of Euro the recent moving up, I see institutions buying and shorting interests remained near neutral
Euro has been testing daily supply zone 1.1750 to 1.1850 and failed to break for last 4 months. Now its on the way to
test daily demand zone 1.16-1.1520. Daily uptrend stop currently at 1.1542, which must hold at day close.
otherwise, we will see it next demand zone 1.1350-1.13
Institutions Sentiment: Neutral
Please note institutions take weeks and months to build a position in the currency market.
Therefore, the bullish or bearish sentiment is more for a long term outlook, not intended for short term trading.
This week, institutions had a modest increase in net longs ,which was shown in the latest COT as of Tuesday, Sept 25, 2018.
The institutions net long Euro positions increased last week by 2,030 contracts to positive 3,696 contracts,
5,958 long positions were added, and 3,928 short positions were added as well. Now Longs total 172,426 contracts vs shorts total 168,730 contracts .
51% long exposure vs 49% short exposure, which 1% increased in longs and 1% decreased in shorts from the previous week
During COT week, Euro started at 1.1664, rallied to 1.1815 high, closed at 1.1765
In spite of Euro the recent moving up, I see institutions buying and shorting interests remained near neutral
Euro has been testing daily supply zone 1.1750 to 1.1850 and failed to break for last 4 months. Now its on the way to
test daily demand zone 1.16-1.1520. Daily uptrend stop currently at 1.1542, which must hold at day close.
otherwise, we will see it next demand zone 1.1350-1.13
Institutions Sentiment: Neutral
Please note institutions take weeks and months to build a position in the currency market.
Therefore, the bullish or bearish sentiment is more for a long term outlook, not intended for short term trading.
Attached Image (click to enlarge)
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