Near Term buy

Supporting the previous post of a DXY move down. I would like to see EU make some new highs up towards the next major zone (in blue).

COT data suggest we are currently favouring a long position from both asset managers and leveraged funds. with a 96% bias on the asset managers.

The Leverage funds have slowed down the selling of the Euro from mid-Jan. So again, further support of a Bullish move coming.

Regression and Stochastic also stack up to favour this move over the next month.

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