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COT 05/04
Monday, 04 May 2009 19:25:58 GMT  |  Jamie Saettele, Senior Currency Strategist
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EUR: The 13 week index has rolled over from 100, which indicates a sentiment extreme (optimism extreme in this case). 

2009.05.04_cot_eur

This is bearish for the euro (sentiment can remain extreme for a while though and it is worth noting that technical structure is now bullish for the EURUSD…but there may be bearish opportunities against other currencies).

Implications: bearish

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