EURUSD Suffers Record Short Positions: COT Report Insights
Recent data reveals that net-short exposure to EURUSD has reached its highest level in four years according to the Commitment of Traders (COT) report. The US dollar index has exhibited a three-week bullish reversal pattern known as a morning star reversal. This trend suggests a strong market push, driving the dollar above its recent 14-month highs registered three weeks ago. Traders should analyze these insights carefully to adjust strategies moving forward.
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