EURUSD possible LONG position

Diupdate
Bias: Long Position

Rationale:
Based on the latest Commitment of Traders (COT) report, there is a notable shift in market sentiment:

Decrease in USD Buying: The report indicates a reduction in USD buying activity against the Euro.
Reduction in Euro Short Positions: There has been a significant unwinding of short positions on the Euro.
These factors suggest a bullish outlook for the EURUSD pair, as market participants seem to be less inclined to bet against the Euro.

Trading Plan:
I am looking to initiate a long position in the EURUSD pair. My strategy involves waiting for the pair to reach a key support level identified on the chart. This approach aims to capitalize on potential upward momentum while minimizing downside risk.

Trade aktif
My long position is active now as it hit support level.
Trading ditutup: stop tercapai
Stop loss at 1.08050
Fundamental AnalysisSupport and Resistance

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