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Implications: forming a top

EUR: The 52 and 13 week indexes are at 12 and 50.  Similar to the USD (but inverse) the 52 week index suggests that the larger bullish trend could continue.  However, the 13 week index has rolled over from elevated levls (83), which is bearish.  The composite COT is declining (not a surprise since the USD composite COT is increasing), which favors Euro weakness.