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COT Analysis - Currencies - DXY 6E & 6M SET UP FOR TRADES!
COT analysis shows that the Euro and Mexican peso are nicely setup for longs upon a confirmation of bullish trend change on the daily. The only "fly in the ointment" here is that the DXY commercial positioning is still very bullish, which is a bit of a mixed signal. Ideally, we like to see the DXY & majors give opposing signals simultaneously.
That being said, 6E & 6M are nicely setup for longs upon a confirmed daily bullish trend change.
Have a good week.
That being said, 6E & 6M are nicely setup for longs upon a confirmed daily bullish trend change.
Have a good week.
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