Sentiment is a good thing to pay attention to!
Click on the following link, scroll down to EURUSD and read what these folks have to say: https://www.dailyfx.com/sentiment-report
Here is a portion of their commentary: "traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse higher despite the fact traders remain net-long."
And if I understand it correctly, the COT report appears to be validating this conclusion.
From this point forward, I will be looking for an opportunity to go long on EURUSD. There will likely be a gap on Sunday for this pair, which could be helpful in showing us the way.
Click on the following link, scroll down to EURUSD and read what these folks have to say: https://www.dailyfx.com/sentiment-report
Here is a portion of their commentary: "traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse higher despite the fact traders remain net-long."
And if I understand it correctly, the COT report appears to be validating this conclusion.
From this point forward, I will be looking for an opportunity to go long on EURUSD. There will likely be a gap on Sunday for this pair, which could be helpful in showing us the way.
You don't know because you don't ask.