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COT 03/18

Tuesday, 18 March 2008 17:06:53 GMT

Written by Jamie Saettele, Technical Currency Analyst

Signal: Bullish

COT3_3-18

EUR: Interestingly, positioning regarding the Euro does not mirror that of the USD.  The 52 wek and 13 week indexes are at 10 and 42, which suggests that the Euro could continue to gain for weeks, but not necessarily against the dollar.  We wrote last week to “look for longs in the EUR / commodity crosses.”  These trades should continue to work.

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